Although growth rebounded from COVID-19
in 2021, adverse spillovers from Russia’s
invasion of Ukraine and global monetary tightening emphasize
macroeconomic imbalances....
Type: BriefReport#: 181358Date: April 1, 2023Author:
World Bank
Following a protracted recession that
started in 2015, the Republic of Congo’s (ROC)
economy grew by an estimated 1.5 percent in 2022.Higher
commodity prices...
Type: BriefReport#: 181357Date: 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
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
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
STP has faced severe macroeconomic
imbalances. Growth stagnated amid successive shocks, most
recently the impact of Russia’s invasion of
Ukraine, and recurrent...
Type: BriefReport#: 181382Date: April 1, 2023Author:
World Bank
With lower agricultural output, erratic
electricity supply, forex shortages affecting importation of
raw materials and high global commodity prices, GDP growth
declined...
Type: BriefReport#: 181373Date: April 1, 2023Author:
World Bank
In Kosovo, the terms of trade shock
driven by Russia’s invasion of Ukraine and the
associated energy crisis continued to impact economic
activity in 2022, but...
Type: BriefReport#: 181279Date: April 1, 2023Author:
World Bank
Barbados’s economy is
rebounding, benefiting from a return of tourists that
allowed for an economic growth of 10.0 percent in 2022 and
likely a poverty reduction....
Type: BriefReport#: 181294Date: April 1, 2023Author:
World Bank
GDP grew 7.5 percent in 2022, with the
economy operating above potential, inflation reaching 13.1
percent, and the current account deficit increasing to 6.2
percent...
Type: BriefReport#: 181300Date: April 1, 2023Author:
World Bank
Following China’s reopening,
gross domestic product (GDP) growth is expected to rebound
in 2023 to 5.1 percent, buoyed by private consumption,
continued fiscal...
Type: BriefReport#: 181298Date: 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
The Palestinian economy’s
post-pandemic recovery continued during 2022, albeit at a
slower rate compared to the 2021 rebound. Despite a
significant narrowing...
Type: BriefReport#: 181427Date: April 1, 2023Author:
World Bank
Economic activity in Djibouti remains
resilient while soaring global prices associated with
Russia’s invasion of Ukraine, combined with
regional tensions and...
Type: BriefReport#: 181412Date: April 1, 2023Author:
World Bank
A combination of improving hydrocarbon
sector outturns and growth in the non-oil sectors drives
economic expansion in Iran. Water and electricity shortages,
insufficient...
Type: BriefReport#: 181414Date: April 1, 2023Author:
World Bank
Kuwait’s economy is expected
to slow down in 2023, after performing strongly in 2022, and
stabilize over the medium term. The projected economic
slowdown is driven...
Type: BriefReport#: 181417Date: 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
The economy rebounded in 2022 on the
back of rising public consumption and investment as well as
release of pent-up demand. The re-opening of the economy has
also supported...
Type: BriefReport#: 181343Date: April 1, 2023Author:
World Bank
The FIFA World Cup hosted in Qatar in
November and December 2022 provided a near-term boon to the
economy despite tightening global financial conditions and
declining...
Type: BriefReport#: 181431Date: April 1, 2023Author:
World Bank
Supported by the revival of the hydro
and non-hydrocarbon sectors, Oman’s economy
performed strongly in 2022. Despite the downturn in global
activity, the outlook...
Type: BriefReport#: 181424Date: April 1, 2023Author:
World Bank
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