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
Backed by a rebound of services and dynamic construction sector, real GDP growth in Benin is estimated to have reached 6.6 percent in 2021, in-line with pre-COVID trends. The fiscal deficit deteriorated...
Type: BriefReport#: 170529Date: April 21, 2022Author:
World Bank
Burkina Faso’s economy grew by an estimated 7.0 percent in 2021 (4.2 percent in per-capita terms), with investment-led growth in services, gold mining, and manufacturing. Due to supply bottlenecks in the...
Type: BriefReport#: 170531Date: April 21, 2022Author:
World Bank
While the COVID-19 pandemic interrupted a prolonged period of growth, resilient remittances and a timely fiscal stimulus package helped alleviate the impact and supported a strong rebound; real GDP is...
Type: BriefReport#: 170643Date: April 21, 2022Author:
World Bank
Honduras's real GDP reached its pre-crisis level in 2021, led by remittance-fueled private consumption, post-hurricane reconstruction, and robust export demand. Poverty and inequality are estimated to...
Type: BriefReport#: 170646Date: April 21, 2022Author:
World Bank
Panama’s strong rebound in 2021 brought real GDP above its pre-crisis level. Poverty is estimated to decline to almost pre-crisis levels, in part due to Panama’s mitigative social assistance measures....
Type: BriefReport#: 170650Date: April 21, 2022Author:
World Bank
Paraguay’s economic recovery is constrained by adverse climate developments and global uncertainty. The ongoing drought is reducing agricultural yields and hydroelectric exports, and driving up logistics...
Type: BriefReport#: 170651Date: April 21, 2022Author:
World Bank
Egypt undertook exchange rate, monetary and fiscal measures in response to adverse global developments (including soaring prices and tightening financial conditions), aggravated by the war in Ukraine....
Type: BriefReport#: 170707Date: April 21, 2022Author:
World Bank
The reopening of Fiji’s borders to tourism in December 2021 marked a major step towards economic recovery. The economy is expected to reach the pre-pandemic level by 2024, supported by private consumption...
Type: BriefReport#: 170588Date: April 21, 2022Author:
World Bank
In Lao People’s Democratic Republic, the economic recovery is expected to continue in 2022, mainly supported by industry and services, with growth projected to accelerate to 3.8 percent. However, growing...
Type: BriefReport#: 170586Date: April 21, 2022Author:
World Bank
In Malaysia, the economy is projected to expand by 5.5 percent in 2022, supported by a recovery in domestic demand and an expansion in exports. Downside risks to growth remains, with the military conflict...
Type: BriefReport#: 170591Date: April 21, 2022Author:
World Bank
In Thailand, the economy expanded by just 1.6 percent in 2021 as tourism remained dormant and a surge in COVID-19 cases hit economic activity. Economic activity is expected to return to pre-pandemic levels...
Type: BriefReport#: 170599Date: 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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