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
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
Afghanistan’s economic conditions continue to deteriorate following the political crisis of August 2021. Cessation of international grant support is driving a major collapse in aggregate demand, difficult...
Type: BriefReport#: 170727Date: 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
In Guinea a slowdown in bauxite production and a modest recovery in services slowed growth to 3.1 percent in 2021. The fiscal deficit narrowed, reflecting lower capital spending, but public debt increased...
Type: BriefReport#: 170896Date: April 21, 2022Author:
World Bank
Economic growth in Ghana rebounded to 4.1 percent in 2021, but significant macroeconomic imbalances remain. The fiscal deficit and debt remained elevated, and inflation rose to double digits. Medium term...
Type: BriefReport#: 170894Date: April 21, 2022Author:
World Bank
In Bosnia and Herzegovina, real GDP growth is expected to decelerate to 2.9 percent in 2022 after rebounding to 6.5 percent in 2021. Meanwhile, inflation surged to 7 percent in January 2022 (yoy) compared...
Type: BriefReport#: 170608Date: April 21, 2022Author:
World Bank
An increased import bill and a decline in official aid flows have led to a weakening of the balance of payments and a significant drawdown in reserves in Ethiopia. Growth in FY22 is expected to ease from...
Type: BriefReport#: 170890Date: April 21, 2022Author:
World Bank
Namibia’s growth rebound in 2021 is estimated to have been weaker than expected. The outlook for 2022 is favorable boosted by an improved pandemic situation and strong prospects for the mining sector....
Type: BriefReport#: 170907Date: April 21, 2022Author:
World Bank
Iraq’s economy is gradually recovering from the twin shocks of the pandemic and collapse in oil prices in 2020.Both oil and non-oil growth are on track to reach their pre-pandemic levels as oil production...
Type: BriefReport#: 170709Date: April 21, 2022Author:
World Bank
Since the delay of national elections in December 2021, political and security tensions and oil production disruptions have escalated. The confirmation of a new cabinet by the House of Representatives...
Type: BriefReport#: 170714Date: April 21, 2022Author:
World Bank
Rwanda’s economy grew at around 11 percent in 2021, as targeted measures helped economic activities to effectively navigate the pandemic. The twin deficits remained—requiring more external financing— and...
Type: BriefReport#: 170910Date: April 21, 2022Author:
World Bank
Bolstered by favorable external conditions, Argentina’s economy recovered from the COVID-19 crisis at a fast pace, reaching pre-pandemic activity levels by end-2021. Growth is poised to continue, driven...
Type: BriefReport#: 170629Date: April 21, 2022Author:
World Bank
In Colombia, economic recovery has been solid, with risks stemming from the labor market and higher-than expected inflation. GDP grew 10.6 percent in 2021 and is projected to grow 4.4 percent in 2022,...
Type: BriefReport#: 170636Date: April 21, 2022Author:
World Bank
Haiti’s economy contracted for a third consecutive year in 2021, increasing the already high poverty levels. This reflects the deep structural challenges the country must surmount, including a deepening...
Type: BriefReport#: 170645Date: 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
Peru’s economy rebounded strongly in 2021, but poverty reduction was slowed by structural rigidities in the labor market and inflation. GDP growth is expected to return to its pre-pandemic trend of around...
Type: BriefReport#: 170652Date: April 21, 2022Author:
World Bank
Indonesia’s economy is recovering supported by growing commodities exports and accommodative fiscal policy. This helped reduce poverty closer to pre-pandemic levels. Medium term growth will be supported...
Type: BriefReport#: 170589Date: April 21, 2022Author:
World Bank
In the Philippines, following a deep contraction in 2020, the economy rebounded in 2021 supported by strong manufacturing and public investment. Economic policies have been supportive of the recovery,...
Type: BriefReport#: 170596Date: April 21, 2022Author:
World Bank
In Democratic Republic of Congo, economic activity rebounded in 2021, with higher prices and production of copper and cobalt lifting GDP growth to an estimated 5.7 percent and supporting a narrower current...
Type: BriefReport#: 170538Date: April 21, 2022Author:
World Bank
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