Economic recovery in The Gambia accelerated towards end-2021. However, the pace of recovery will slowdown owing to commodity prices and supply shocks. High fiscal deficits have led to domestic borrowing...
Type: BriefReport#: 170893Date: April 21, 2022Author:
World Bank
An economic recovery started in 2021 but was interrupted in 2022 by the combined impact of a third wave of the pandemic, a series of climate shocks, and the escalating conflict in Ukraine. In this context,...
Type: BriefReport#: 170901Date: April 21, 2022Author:
World Bank
Two military coups in August 2020 and May 2021 and growing insecurity in Mali have resulted in a stagnant economy, with negligible per capita growth in 2021 and projected for 2022, exacerbated by food...
Type: BriefReport#: 170903Date: April 21, 2022Author:
World Bank
In Mauritius, GDP grew 3.9 percent in 2021 aided by widespread Covid-19 vaccination, although subsequent virus waves dampened tourism recovery and output remains below pre-pandemic levels. External factors...
Type: BriefReport#: 170905Date: April 21, 2022Author:
World Bank
The challenges presented by the COVID-19 pandemic and the energy crisis on São Tomé and Príncipe have been further aggravated by flooding and landslides from severe rain in end-2021. Nevertheless, the...
Type: BriefReport#: 170911Date: April 21, 2022Author:
World Bank
South Sudan’s recovery is constrained by falling oil production and climate shocks. Consequently, the economy is projected to contract by 0.8 percent in FY2021/22 despite higher oil prices. Food insecurity...
Type: BriefReport#: 170918Date: April 21, 2022Author:
World Bank
Kenya’s economy was severely disrupted by the COVID-19 shock but it has staged a strong recovery, and the poverty rate is projected to fall below its pre-pandemic level in 2022. However, prolonged drought...
Type: BriefReport#: 170897Date: April 21, 2022Author:
World Bank
Economic growth in Lesotho has been modest in recent years. Domestic economy is expected to recover and register a modest growth of 1.6 percent in 2021. However, political instability, fiscal challenges,...
Type: BriefReport#: 170898Date: April 21, 2022Author:
World Bank
Liberia’s economy is recovering. GDP growth is projected to increase from an estimated 4.0 percent in 2021 to 4.4 percent in 2022, driven by mining and continued recovery from the pandemic. Meanwhile,...
Type: BriefReport#: 170899Date: April 21, 2022Author:
World Bank
South Sudan’s recovery is constrained by falling oil production and climate shocks. Consequently, the economy is projected to contract by 0.8 percent in FY2021/22 despite higher oil prices. Food insecurity...
Type: BriefReport#: 170918Date: April 21, 2022Author:
World Bank
GDP growth in Zimbabwe is estimated to have rebounded to 5.8 percent in 2021, reflecting an exceptionally good harvest and relative stabilization of prices. Disinflation policies were effective in bringing...
Type: BriefReport#: 170923Date: April 21, 2022Author:
World Bank
Jamaica is recovering from the pandemic, with growth recently picking up and unemployment falling to historic lows, resulting in a decrease in poverty. Nonetheless, the country is still beset by a high...
Type: BriefReport#: 170647Date: April 21, 2022Author:
World Bank
Real GDP growth in Mexico is projected at 2.1 percent in 2022. The labor market has yet to fully recover as most gains in employment took place in informal and low-wage jobs. Poverty is expected to decline...
Type: BriefReport#: 170648Date: April 21, 2022Author:
World Bank
Robust remittance inflows, a fiscal stimulus, and favorable commodity prices have been the main drivers of Nicaragua’s economic recovery following a three-year recession brought on by the 2018 sociopolitical...
Type: BriefReport#: 170649Date: April 21, 2022Author:
World Bank
The withdrawal of COVID-19 movement restrictions facilitated Djibouti’s economic rebound in 2021, to an estimated 4.3 percent. Growth is projected to remain moderate in 2022 but to expand briskly thereafter...
Type: BriefReport#: 170706Date: April 21, 2022Author:
World Bank
After a difficult 2020, Oman’s economy is on a solid recovery path amid easing pandemic pressures, higher hydrocarbon outputs, and wide-ranging government reforms. Frontloaded fiscal reforms including...
Type: BriefReport#: 170716Date: April 21, 2022Author:
World Bank
The challenges presented by the COVID-19 pandemic and the energy crisis on São Tomé and Príncipe have been further aggravated by flooding and landslides from severe rain in end-2021. Nevertheless, the...
Type: BriefReport#: 170911Date: April 21, 2022Author:
World Bank
The South African economy rebounded by 4.9 percent in 2021, driven by a more favorable global environment and less severe economic impact of domestic COVID-19 waves. However, the recovery has been jobless...
Type: BriefReport#: 170917Date: April 21, 2022Author:
World Bank
After a successful vaccination campaign and a solid economic rebound, Ecuador is expected to continue its reform to secure fiscal sustainability and foster growth. The windfall oil revenues are likely...
Type: BriefReport#: 170640Date: April 21, 2022Author:
World Bank
Economic growth in Grenada rebounded from the sharp economic contraction of 2020, supported by the resumption of tourism and construction projects. Higher growth will facilitate returning to the pre-pandemic...
Type: BriefReport#: 170642Date: April 21, 2022Author:
World Bank
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