Growth in Latin America and the Caribbean (LAC) is projected to be 5.2 percent in 2021—a rebound insufficient to return GDP to 2019 levels this year after a historically deep recession in 2020. The rebound will be supported by moderate progress in vaccine rollouts, relaxation of mobility restrictions, and improved external economic conditions.
Economic growth is forecast to rebound to a moderate 2.4% in 2021, before ramping up to an average 3.2% in 2022-23. Oman: Oman’s economy is forecast to recover in 2021, albeit at a moderate 2.5% growth rate as a sizable infrastructure investment program gains momentum. Medium-term growth is projected to average 5.3% over the forecast period.
The economy will see a return to moderate growth in 2021, with the ease in restrictions helped by a rapid vaccination rollout. Fiscal and external deficits are expected to narrow, reversing their expansion observed in 2020. Debt to-GDP-ratio will remain above 130 percent during the forecast period, highlighting the priority of fiscal adjustment ...
Growth is projected to rebound to 5.3% in 2021, led by a base effect and an extraordinary agricultural campaign rather than by a broad-based acceleration of economic activity. Morocco may return to its pre-pandemic level of GDP only in 2022, followed by a gradual acceleration of growth, contingent on the successful implementation of ongoing and ...
Lebanon's Economic Update — October 2021. On September 10, Lebanese leadership formed a new Government following a 13- month vacancy in the executive branch and inadequate policy responses in face of compounded crises — the country’s largest peace-time economic and financial crisis, COVID-19 and the Port of Beirut explosion. The Spring ...
The rate of economic growth averaged 1.9 percent annually in the decade prior to the pandemic and had just started to increase, averaging 4.4 percent in 2018–19. Consumption was the main driver of growth while investment remained low, hovering around 19 percent of GDP during 2010–19.
Vietnam was one of only a few countries to post GDP growth in 2020 when the pandemic hit. However, the COVID-19 Delta variant has dealt a shock to Vietnam and GDP is estimated to grow between 2 and 2.5 percent in 2021, about 4 percentage points lower than the world average. Health outcomes have improved along with rising living standards.
According to the latest South Asia Economic Focus titled Shifting Gears: Digitization and Services-Led Development the region is expected to grow by 7.1 percent in 2021 and 2022. While the year-on-year growth remains strong in the region, albeit from a very low base in 2020, the recovery has been uneven across countries and sectors.
Economic Outlook. After 15 years of significant socio-economic progress and achieving middle-income status in 2011, Zambia’s economic performance has stalled in in recent years. Between 2000 and 2014, the annual real gross domestic product (GDP) growth rate averaged 6.8%.
During recent years, Honduras had registered the second highest economic growth rates in Central America, only behind Panama. The country’s GDP growth reached 4.8 percent in 2017, 3.7 percent in 2018 and 2.7 percent in 2019, above the average in Central America and well above the average in Latin America and the Caribbean (LAC).