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
Angola recorded marginally positive GDP growth in 2021 following five consecutive years of economic contraction. With oil prices expected to remain high, the outlook for 2022 is favorable. However, despite...
Type: BriefReport#: 170528Date: 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
Angola recorded marginally positive GDP growth in 2021 following five consecutive years of economic contraction. With oil prices expected to remain high, the outlook for 2022 is favorable. However, despite...
Type: BriefReport#: 170528Date: 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
Dominica’s economy rebounded moderately in 2021, growing 3.7 percent, following the sudden stop in tourism in 2020 and COVID-19 containment measures. Nonetheless, poverty is expected to remain elevated...
Type: BriefReport#: 170638Date: April 21, 2022Author:
World Bank
Tunisia’s economic outlook remains highly uncertain. The economic rebound in 2021 was relatively moderate. Debt sustainability concerns remained acute due to elevated fiscal deficits and financing needs....
Type: BriefReport#: 170722Date: April 21, 2022Author:
World Bank
The UAE led the world with a successful vaccination program, which, together with the gradual phasing out of OPEC+ oil production cuts and monetary and fiscal stimulus, led to a strong economic recovery...
Type: BriefReport#: 170723Date: April 21, 2022Author:
World Bank
The Zambian economy grew by an estimated 3.6 percent in 2021 following a 2.8 percent recession in 2020; bolstered by firmer copper prices, favorable external demand, good rainfall, and post-election market...
Type: BriefReport#: 170922Date: April 21, 2022Author:
World Bank
Russia’s invasion of Ukraine will slow Uzbekistan’s growth to 3.6 percent in 2022, due to a halving of remittances, record global oil and food prices, trade, investment, and banking disruptions, and the...
Type: BriefReport#: 170626Date: April 21, 2022Author:
World Bank
Malawi’s GDP growth rose to 2.8 percent in 2021, boosted by an improved agricultural harvest and the diminishing impact of the COVID-19 pandemic. However, growth is projected to stagnate in 2022 due to...
Type: BriefReport#: 170902Date: April 21, 2022Author:
World Bank
Vietnam’s economy is expected to grow by 5.3 percent in 2022, given the policy of living with COVID, strong performance by export-oriented manufacturing and domestic demand recovery. Poverty is expected...
Type: BriefReport#: 170601Date: April 21, 2022Author:
World Bank
Russia’s invasion of Ukraine poses downside risks to Azerbaijan’s economic outlook, particularly in the non-energy sector. This follows a strong rebound in 2021, as recovering domestic and external demand...
Type: BriefReport#: 170606Date: April 21, 2022Author:
World Bank
In Bulgaria, following a stronger-than-projected recovery in 2021, growth is likely to slow down in 2022 given higher inflationary pressures, the war in Ukraine, and supply chain disruptions. Off the back...
Type: BriefReport#: 170609Date: April 21, 2022Author:
World Bank
Due to its invasion of Ukraine, Russia faces the largest coordinated economic sanctions ever imposed on a country. Russia’s economy will be hit very hard, with a deep recession looming in 2022. GDP is...
Type: BriefReport#: 170621Date: April 21, 2022Author:
World Bank
The fallout from Russia's invasion of Ukraine will lead to an economic contraction of about 2 percent in 2022 in Tajikistan. A projected 40 percent fall in remittances, higher food and energy prices, and...
Type: BriefReport#: 170623Date: 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
In Lebanon, real GDP is estimated to have declined by 10.5 percent in2021, on the back of a21.4 percent contraction in 2020 as policy makers have still not agreed on a plan to address the collapse of the...
Type: BriefReport#: 170712Date: April 21, 2022Author:
World Bank
Growth in Guinea-Bissau is expected to continue to recover over the medium-term, as international cashew demand and production rebound, rising to around 4.5 percent and bolstered by fiscal consolidation...
Type: BriefReport#: 170895Date: 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
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