Strong agriculture and services output
resulted in higher-than-expected GDP growth estimated at 6.4
percent in FY22. But growth remains lower than pre-COVID-19
levels...
Type: BriefReport#: 181362Date: April 1, 2023Author:
World Bank
Russia's economy contracted by only
2.1 percent in 2022, in the face of severe sanctions, and is
expected to contract by a further 0.2 percent in 2023.
Sanctions will...
Type: BriefReport#: 181326Date: April 1, 2023Author:
World Bank
India has been one of the
fastest-growing major economies in the world, but growth in
FY23-24 will moderate on the back of global spillovers and
slower consumption growth....
Type: BriefReport#: 181428Date: April 1, 2023Author:
World Bank
After a strong recovery in 2021, GDP
grew by only 2 percent in 2022, supported by a favorable
global environment but constrained by domestic challenges,
especially the...
Type: BriefReport#: 181387Date: April 1, 2023Author:
World Bank
Saint Lucia’s economic growth
accelerated further in 2022, due to a strong rebound in the
tourism sector. However, inflation also picked up due to
higher import...
Type: BriefReport#: 181318Date: April 1, 2023Author:
World Bank
In Bosnia and Herzegovina, real output
growth decelerated to 4 percent in 2022 from 7.4 percent the
year before largely due to an adverse term of trade shock.
The shock...
Type: BriefReport#: 181271Date: April 1, 2023Author:
World Bank
Poland’s GDP grew by 4.9
percent in 2022 but high inflation, policy uncertainties,
tighter financing conditions, and an unwinding of the
inventory cycle will...
Type: BriefReport#: 181324Date: April 1, 2023Author:
World Bank
Growth is expected to decelerate to 4.7
percent in 2023 from 8.3 percent in 2022, negatively
impacted by lower global demand. Inflation will begin to
ease after reaching...
Type: BriefReport#: 181376Date: April 1, 2023Author:
World Bank
Real GDP growth is estimated to have
slowed to 3.4 percent in 2022 on the back of worsening
agriculture conditions and macroeconomic instability. Annual
inflation returned...
Type: BriefReport#: 181394Date: 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
Real GDP growth in Croatia remained
strong in 2022, with favorable developments concentrated in
the first half of the year. The country is expected to avoid
contraction...
Type: BriefReport#: 181274Date: April 1, 2023Author:
World Bank
The October 2021 military takeover
weakened domestic activity, slowing progress toward debt
relief as part of the heavily indebted poor countries
initiative. Despite...
Type: BriefReport#: 181389Date: April 1, 2023Author:
World Bank
GDP growth fell to 1.8 percent in 2022
due to ECOWAS sanctions, high food inflation, and parasite
infestations affecting cotton production. This led to
negative per...
Type: BriefReport#: 181374Date: April 1, 2023Author:
World Bank
Boosted by the mining sector,
Namibia’s economy expanded by 3.5 percent in
2022. In 2023, the economic recovery is expected to continue
at a slower pace amid...
Type: BriefReport#: 181378Date: 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
The Lebanese economy remains in a severe
depression amidst continued political deadlock, an
institutional vacuum, and high uncertainty. In a context
lacking agreement...
Type: BriefReport#: 181419Date: April 1, 2023Author:
World Bank
Vietnam’s economy grew by 8.0
percent in 2022, mainly due to low base effects. In 2023,
the economy is expected to grow by 6.3 percent, as domestic
demand normalizes...
Type: BriefReport#: 181344Date: April 1, 2023Author:
World Bank
Inflation is eroding incomes and
constraining business activity. Growth is expected to
decline to 4.0 percent in FY23 from 6.6 percent in FY22.
Improvements in reserves...
Type: BriefReport#: 181413Date: April 1, 2023Author:
World Bank
The United Arab Emirate
(UAE’s) post-pandemic rebound continued strongly
in 2022 supported by domestic and global oil demand. Growth
is projected to slow in 2023...
Type: BriefReport#: 181437Date: 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
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