With rising external headwinds and domestic challenges, economic growth is projected to slow to 5.0 percent in 2022. By 2022, 10.8 percent of the population in China are expected to fall below the $5.50/day...
Type: BriefReport#: 170587Date: April 21, 2022Author:
World Bank
The Russian invasion of Ukraine will adversely impact Georgia’s economy. The impact is felt through trade, remittances, FDI, commodity prices, and logistics. This follows a robust recovery from the pandemic...
Type: BriefReport#: 170611Date: 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
Guyana's economy is expanding at an extraordinary rate, fueled primarily by the expansion of oil output. This is expected to continue over the medium term as more fields are added to production. Increasing...
Type: BriefReport#: 170644Date: 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
The economy in Barbados rebounded in 2021 in line with international travel and easing containment measures but was negatively affected by natural disasters such as the eruption of the volcano La Soufriere...
Type: BriefReport#: 170631Date: 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
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
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
Increasing oil and gas demand and prices in Algeria led to a strong rebound in hydrocarbon production and exports in 2021, sharply reducing fiscal and external financing needs. The recovery in the non-hydrocarbon...
Type: BriefReport#: 170703Date: 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
In Myanmar, following the estimated 18 percent contraction in FY21, GDP is projected to expand by 1 percent in FY22, consistent with some stabilization in the economy but at a very low level. A deteriorating...
Type: BriefReport#: 170593Date: April 21, 2022Author:
World Bank
In Papua New Guinea, the economy rebounded modestly in 2021, supported by agriculture in the context of limited COVID-19 mobility restrictions. Rising fiscal deficit and the economic contraction placed...
Type: BriefReport#: 170595Date: April 21, 2022Author:
World Bank
This Macro Poverty Outlook presents GDP, debt and fiscal forecasts and examines the implications for critical economic and social concepts such as growth, poverty reduction and macroeconomic stability.
Type: BriefReport#: 170841Date: April 21, 2022Author:
World Bank
As the economy rebounded, the energy crisis and the war in Ukraine brought new challenges to North Macedonia. With rising public debt, the authorities need to replace Covid-19 support with targeted fiscal...
Type: BriefReport#: 170618Date: April 21, 2022Author:
World Bank
The Polish economy rebounded from the COVID-19 recession, expanding at its fastest pace since 2007. Easing of COVID-related restrictions, robust investment, and favorable labor market conditions supported...
Type: BriefReport#: 170619Date: April 21, 2022Author:
World Bank
Turkey’s economy grew 11 percent in 2021, the fastest among G-20 countries, as COVID-19 related measures were gradually relaxed in Turkey and abroad. While Turkey’s interest rate cuts from September supported...
Type: BriefReport#: 170624Date: April 21, 2022Author:
World Bank
Equatorial Guinea’s economy is estimated to have recorded its seventh consecutive year of negative growth in 2021 amid disappointed hydrocarbon production. Barring new substantial hydrocarbon discoveries,...
Type: BriefReport#: 170541Date: April 21, 2022Author:
World Bank
In Cabo Verde, growth rebounded to 7.1 percent in 2021, led by the gradual recovery in tourism, supporting poverty alleviation. Inflationary pressures increased, driven by energy and food. Growth-friendly...
Type: BriefReport#: 170533Date: 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
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