The economy accelerated and reached the
pre-COVID level in 2022, with support from both extractive
and non-extractive sectors. High commodity prices
contributed to a...
Type: BriefReport#: 181338Date: April 1, 2023Author:
World Bank
Lesotho’s economy expanded by
a modest 1.8 percent in 2022 due to domestic political
uncertainties and external shocks. GDP growth is projected
to accelerate...
Type: BriefReport#: 181370Date: April 1, 2023Author:
World Bank
While Guatemala continued to grow above
the LAC average in 2022, poverty is estimated to exceed
pre-pandemic levels. External shocks affected its prudent
macroeconomic...
Type: BriefReport#: 181308Date: April 1, 2023Author:
World Bank
GDP contracted by 1.7 percent in 2022,
amid a lingering political crisis and gang violence that
curtailed economic activity. Recent gains in human capital
accumulation...
Type: BriefReport#: 181310Date: April 1, 2023Author:
World Bank
In Nepal, following GDP growth of 5.8
percent in FY22, import restrictions contributed to slower
growth in the first half of FY23. The fiscal deficit has
been held under...
Type: BriefReport#: 181430Date: April 1, 2023Author:
World Bank
A severe drought depressed growth in
2022. This, combined with high inflation, is estimated to
have increased extreme poverty. As weather conditions
normalize, the economy...
Type: BriefReport#: 181316Date: April 1, 2023Author:
World Bank
Real GDP growth is expected to slow to
1.5 percent in 2023 due to continued policy tightening and
external headwinds, converging to 2.0 percent by 2025.Mexico
faces...
Type: BriefReport#: 181313Date: April 1, 2023Author:
World Bank
Gabon’s economy rebounded in
2022, supported by good performances in sectors such as oil,
manganese, and wood. High commodity prices contributed to
fiscal and...
Type: BriefReport#: 181363Date: April 1, 2023Author:
World Bank
This brief discusses the economic
development of Vietnam for the month of April 2023.
Vietnam’s economy slowed to 3.3 percent (y/y) in
Q1-2023 compared to 5.9...
Type: BriefReport#: 181451Date: April 1, 2023Author:
World Bank
In Serbia, growth decelerated in the
second half of the year to an average of 2.3 percent in
2022, largely driven by private consumption. However, real
disposable incomes...
Type: BriefReport#: 181327Date: 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 North Macedonia, despite brisk
post-pandemic recovery, the energy crisis depressed growth
and pushed inflation to a two-decade high, stretching public
finances amidst...
Type: BriefReport#: 181283Date: 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
The economy accelerated and reached the
pre-COVID level in 2022, with support from both extractive
and non-extractive sectors. High commodity prices
contributed to a...
Type: BriefReport#: 181338Date: 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
Cambodia’s economy continued
to recover in 2022. The recovery of the services sector is
strengthening, driven largely by pent-up consumer demand.
Economic growth...
Type: BriefReport#: 181290Date: April 1, 2023Author:
World Bank
Macroeconomic conditions in Myanmar
remain constrained by weak demand, macroeconomic and
regulatory uncertainty, ongoing electricity outages, and
persistent conflict....
Type: BriefReport#: 181336Date: April 1, 2023Author:
World Bank
Chad’s economic recovery in
2022 was dampened by floods and insecurity; GDP growth was
moderate at 2.2 percent (-0.9 percent in per capita terms),
while poverty...
Type: BriefReport#: 181354Date: April 1, 2023Author:
World Bank
Mining and the recovery of non-mining
activity will boost growth to 5.6 percent in 2023, but
poverty rates will increase, and the fiscal deficit widen to
2.6 percent...
Type: BriefReport#: 181367Date: April 1, 2023Author:
World Bank
Nicaragua’s economy expanded
in 2022 supported by remittance-fueled private consumption,
external demand, and higher prices of gold and agricultural
exports....
Type: BriefReport#: 181314Date: April 1, 2023Author:
World Bank
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