The economy is projected to grow by 2.8
percent in 2023, as economic conditions are expected to
improve following a prolonged drought and rising commodity
prices throughout...
Type: BriefReport#: 181386Date: April 1, 2023Author:
World Bank
In Armenia, economic growth was 12.6
percent in 2022, much higher than initially expected, mainly
due to significant increases in services and private
consumption, fueled...
Type: BriefReport#: 181264Date: April 1, 2023Author:
World Bank
Türkiye’s economy
grew by 5.6 percent in 2022 but has been losing momentum
amidst a deteriorating external environment and heterodox
monetary policies. Two...
Type: BriefReport#: 181329Date: April 1, 2023Author:
World Bank
In Azerbaijan, economic growth was 4.6
percent in 2022, driven by non-energy sectors supported by
recovering demand and fiscal expansion. Inflation
accelerated sharply...
Type: BriefReport#: 181266Date: April 1, 2023Author:
World Bank
Oil price booms have previously
supported the Nigerian economy, but this has not been the
case since 2021. Instead, macroeconomic stability has
weakened amidst declining...
Type: BriefReport#: 181380Date: April 1, 2023Author:
World Bank
Real GDP is expected to fall in 2023 as
the fiscal and monetary contraction in 2022 takes effect,
resolving macroeconomic imbalances accumulated during the
Covid-recovery....
Type: BriefReport#: 181299Date: April 1, 2023Author:
World Bank
In Kyrgyz Republic, growth in 2022 was
stronger than initially expected, driven by consumption,
supported by remittance inflows, largely from Russia, and
public investment....
Type: BriefReport#: 181280Date: April 1, 2023Author:
World Bank
GDP growth is projected to decelerate in
2023 despite a strong tourism season, as the solid
post-pandemic recovery phase comes to an end and a sizeable
drought affects...
Type: BriefReport#: 181321Date: April 1, 2023Author:
World Bank
In 2022, growth is estimated at 5.2
percent, up from 2.4 percent in 2021, driven by gold
production and an exceptional agricultural output. The sharp
increase in food...
Type: BriefReport#: 181375Date: April 1, 2023Author:
World Bank
In Belarus, real output dropped by 4.7
percent in 2022 after 2.4 percent growth the year before,
largely due to an adverse impact of sanctions.
Households’ real...
Type: BriefReport#: 181268Date: April 1, 2023Author:
World Bank
The Moldovan economy has been severely
affected by Russia’s invasion of Ukraine and a
surge in inflation. GDP have contracted by 5.9 percent and
inflation to...
Type: BriefReport#: 181281Date: April 1, 2023Author:
World Bank
Suriname’s economy started to
recover in 2022 after two years of contraction. Significant
challenges remain as the government tackles severe
macroeconomic imbalances...
Type: BriefReport#: 181320Date: April 1, 2023Author:
World Bank
In Georgia, growth is estimated at 10.1
percent in 2022 due to strong money inflows from Russia and
recovery in tourism and investment. As a result, employment
recovered...
Type: BriefReport#: 181275Date: April 1, 2023Author:
World Bank
Robust tourism activity is expected to
revive the economy with full recovery expected by 2024.
Major risks to the outlook include natural disasters and
international...
Type: BriefReport#: 181305Date: April 1, 2023Author:
World Bank
Algeria’s economy continued
rebounding from the 2020 recession triggered by COVID-19.
The country’s external and fiscal balances
improved markedly in 2022,...
Type: BriefReport#: 181410Date: April 1, 2023Author:
World Bank
Growth is expected to slow to 4.3
percent in 2023 amid a substantial slowdown in external
demand. Deeper slowdown in major economies, uncertainty
surrounding inflation,...
Type: BriefReport#: 181334Date: April 1, 2023Author:
World Bank
Economic conditions in Yemen remained
highly volatile in 2022 due to both domestic and external
drivers. Humanitarian needs worsened due to the economic
effects of compounding...
Type: BriefReport#: 181438Date: April 1, 2023Author:
World Bank
Growth remained strong in 2022 helped by
a recovery in tourism, supporting robust fiscal results. As
in other small open economies, a slowdown in external demand
and...
Type: BriefReport#: 181301Date: April 1, 2023Author:
World Bank
After two consecutive years of virtual
stagnation, CAR’s economy is estimated to have
recorded zero growth in 2022 and is projected to grow at an
average rate...
Type: BriefReport#: 181353Date: April 1, 2023Author:
World Bank
Growth is estimated to have weakened in
2022, mainly due to natural disasters and the indirect
effects of Russia’s invasion of Ukraine. Although
growth is projected...
Type: BriefReport#: 181372Date: April 1, 2023Author:
World Bank
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