Growth in Togo rebounded to pre-crisis levels in 2021, reflecting health measure rollbacks and a global recovery. Growth is expected to stabilize in 2022 and strengthen in the medium term, supported by...
Type: BriefReport#: 170920Date: April 21, 2022Author:
World Bank
In Uganda, real GDP growth is expected to rise from 3.4 percent in FY21 to 3.7 percent in FY22, as the economy reopens. The planned reduction in the fiscal deficit, to 3.5 percent of GDP by FY24, augurs...
Type: BriefReport#: 170921Date: April 21, 2022Author:
World Bank
The economy continues to recover from the pandemic-induced recession. Growth and poverty reduction are expected to slow down in the medium term as increasing public debt and declining international reserves...
Type: BriefReport#: 170633Date: April 21, 2022Author:
World Bank
In Brazil, GDP grew 4.6 percent in 2021, thanks to strong services growth and a successful vaccination campaign. Significant downside risks remain in an uncertain environment. The 2022 presidential election...
Type: BriefReport#: 170634Date: April 21, 2022Author:
World Bank
Strong growth and spending discipline helped Costa Rica exceed fiscal targets in 2021, despite harsh COVID-19 waves and election-related spending pressures. A strong rebound in manufacturing, particularly...
Type: BriefReport#: 170637Date: April 21, 2022Author:
World Bank
Botswana’s economic growth is projected to moderate to 4.1 percent in 2022 following a 12.1 percent rebound last year. Despite the headwinds created by COVID-19, economic growth surpassed expectations....
Type: BriefReport#: 170530Date: 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
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
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
India’s rebound in FY22 was strong despite the two ‘waves’ of COVID-19, supported by increased vaccination coverage. The recovery, however, is not broad based with private consumption growth constrained...
Type: BriefReport#: 170730Date: 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
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
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
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
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
Mozambique’s economy recovered moderately in 2021. Growth reached 2.2 percent, driven by agriculture and a gradual rebound in demand. Yet, the poverty rate remains high at 63.5 percent as per capita income...
Type: BriefReport#: 170906Date: April 21, 2022Author:
World Bank
Somalia’s economy is showing modest signs of recovery with real GDP growth estimated at 2.2 percent in 2021, following a contraction of 0.3 percent in 2020. Increased private sector activity in urban areas,...
Type: BriefReport#: 170916Date: April 21, 2022Author:
World Bank
GDP is estimated to have expanded by 5.6 percent in 2021, as tourist arrivals to the islands rebounded thanks to vaccination efforts in The Bahamas and easing travel restrictions in main tourism markets....
Type: BriefReport#: 170630Date: 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
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