After a steep economic contraction in 2020, Saint Lucia’s growth picked up in 2021 as tourism started to recover. Real GDP and poverty are projected to reach 2019 levels only by 2024. The pandemic also...
Type: BriefReport#: 170653Date: April 21, 2022Author:
World Bank
After decelerating to 3.4 percent in FY20, real GDP growth in Bangladesh rebounded to 6.9 percent in FY21. While pandemic disruptions are waning, GDP growth is projected to decelerate moderately to 6.4...
Type: BriefReport#: 170728Date: April 21, 2022Author:
World Bank
Renewed insecurity prevented the Central African Republic’s (CAR) economy from rebounding in 2021. The outlook is subject to downside risks arising from a reversal in security gains and the impact of the...
Type: BriefReport#: 170535Date: April 21, 2022Author:
World Bank
The Dominican economy rebounded strongly in 2021, supported by well-implemented fiscal and monetary policies. A successful vaccination campaign also contributed to the rebound, by accelerating the tourism...
Type: BriefReport#: 170639Date: 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
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
Socioeconomic conditions are deteriorating rapidly in Syria, affected by a range of shocks, including prolonged armed conflict, economic sanctions, COVID-19 pandemic, a severe drought, deepening economic...
Type: BriefReport#: 170720Date: April 21, 2022Author:
World Bank
Spillovers from Russia’s invasion of Ukraine are expected to reverse the progress made by the Kyrgyz economy in recovering from the COVID pandemic in 2021 when annual GDP growth was 3.6 percent. The economy...
Type: BriefReport#: 170614Date: 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
In Chad, GDP contracted by 1.2 percent in 2021 (4.2 percent per capita) - the second consecutive year of recession – due to a temporary suspension of oil production, socio-political insecurity, and liquidity...
Type: BriefReport#: 170536Date: April 21, 2022Author:
World Bank
In Burundi, economic growth is estimated at 1.8 percent in 2021 from 0.3 percent in 2020, driven by agriculture and a recovery in services. Industrial growth was subdued due to mining disputes. While recovery...
Type: BriefReport#: 170532Date: April 21, 2022Author:
World Bank
Renewed insecurity prevented the Central African Republic’s (CAR) economy from rebounding in 2021. The outlook is subject to downside risks arising from a reversal in security gains and the impact of the...
Type: BriefReport#: 170535Date: April 21, 2022Author:
World Bank
Iran’s economy continues its gradual recovery that started in mid-2020, driven by the oil sector and services. However, water and energy shortages led to contraction of the agriculture and industry sectors....
Type: BriefReport#: 170708Date: April 21, 2022Author:
World Bank
Kuwait exited a two-year recession in 2021 as COVID-19 restrictions and OPEC+ cuts are gradually eased. The fiscal deficit is expected to narrow with surging oil prices. The economic recovery is projected...
Type: BriefReport#: 170711Date: April 21, 2022Author:
World Bank
Following eased lockdowns and an improvement in the health situation in 2021, the Palestinian economy started its recovery from the pandemic. Despite strong revenues, the fiscal situation remained difficult...
Type: BriefReport#: 170717Date: April 21, 2022Author:
World Bank
After registering a stronger-than-expected recovery in 2021, the Saudi Arabian economy is on an accelerated growth path in 2022; driven by higher oil and non-oil activities as oil production and prices...
Type: BriefReport#: 170719Date: April 21, 2022Author:
World Bank
Real GDP in Seychelles increased by 7.9 percent in 2021 and is projected moderate to 4.6 percent in 2022 as tourist arrivals decline because of the impact of the Russian invasion of Ukraine. In the medium-term...
Type: BriefReport#: 170914Date: April 21, 2022Author:
World Bank
El Salvador’s GDP rebounded in 2021, largely fueled by remittances. Growth prospects are threatened by high debt and financing needs, slow progress on productivity-enhancing reforms, and policy uncertainty....
Type: BriefReport#: 170641Date: April 21, 2022Author:
World Bank
This PEI In Practice Brief provides an overview of volumes 1 and 2 of PEI In Practice on Economic Inclusion in urban areas. Links to both volumes are provided for additional reading.
Type: BriefReport#: 170765Date: April 21, 2022Author:
Avalos,Jorge Eduardo ;
Chaudhary,Sarang ;
Clay,Timothy Joseph Peter ;
Dutta,Puja Vasudeva
In St. Vincent and the Grenadines, the volcanic eruption and COVID-19 significantly impacted GDP growth in 2021. Poverty is expected to have further increased due to the economic contraction and volcano...
Type: BriefReport#: 170654Date: April 21, 2022Author:
World Bank
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