COVID-19 has led to recessions in the
Federated States of Micronesia (FSM), Republic of the
Marshall Islands (RMI) and Palau. A gradual recovery is
projected from FY22....
Type: BriefReport#: 170594Date: April 22, 2022Author:
World Bank
Vietnam’s economy is expected to grow by
5.3 percent in 2022, given the policy of living with COVID,
strong performance by export-oriented manufacturing and
domestic...
Type: BriefReport#: 170601Date: April 22, 2022Author:
World Bank
In Bulgaria, following a
stronger-than-projected recovery in 2021, growth is likely
to slow down in 2022 given higher inflationary pressures,
the war in Ukraine, and...
Type: BriefReport#: 170609Date: April 22, 2022Author:
World Bank
Romania’s economy rebounded at 5.9
percent in 2021, despite supply disruptions, a significant
pick-up in inflation and the effects of the pandemic. The
economy is projected...
Type: BriefReport#: 170620Date: April 22, 2022Author:
World Bank
The Ukraine-Russian war has brought
substantial challenges to the Belarusian economy related to
new sectoral sanctions, the disruption of trade with
Ukraine, and negative...
Type: BriefReport#: 170607Date: April 22, 2022Author:
World Bank
Following the recovery in 2021, Maldives
is projected to grow at 7.6 percent in 2022, and fully
recover to pre-pandemic output levels by 2023. This will be
supported...
Type: BriefReport#: 170733Date: April 22, 2022Author:
World Bank
In Papua New Guinea, the economy
rebounded modestly in 2021, supported by agriculture in the
context of limited COVID-19 mobility restrictions. Rising
fiscal deficit...
Type: BriefReport#: 170595Date: April 22, 2022Author:
World Bank
Growth in Moldova is expected to be
curtailed by the unfolding crisis in Ukraine despite its
swift recovery from COVID-19. Medium term growth hinges on
the containment...
Type: BriefReport#: 170615Date: April 22, 2022Author:
World Bank
Growth in Moldova is expected to be
curtailed by the unfolding crisis in Ukraine despite its
swift recovery from COVID-19. Medium term growth hinges on
the containment...
Type: BriefReport#: 170615Date: April 22, 2022Author:
World Bank
In Mongolia, after posting 1.4 percent
real GDP growth in 2021, growth will remain modest at 2.5%
this year. Despite continued policy support and higher
commodity prices,...
Type: BriefReport#: 170592Date: April 22, 2022Author:
World Bank
The reopening of Fiji’s borders to
tourism in December 2021 marked a major step towards
economic recovery. The economy is expected to reach the
pre-pandemic level by...
Type: BriefReport#: 170588Date: April 22, 2022Author:
World Bank
In Lao People’s Democratic Republic, the
economic recovery is expected to continue in 2022, mainly
supported by industry and services, with growth projected to
accelerate...
Type: BriefReport#: 170586Date: April 22, 2022Author:
World Bank
In the Philippines, following a deep
contraction in 2020, the economy rebounded in 2021 supported
by strong manufacturing and public investment. Economic
policies have...
Type: BriefReport#: 170596Date: April 22, 2022Author:
World Bank
In Armenia, the impact of the war in
Ukraine and sanctions on Russia is likely to be significant
given Armenia’s strong economic links with Russia. The
economy rebounded...
Type: BriefReport#: 170605Date: April 22, 2022Author:
World Bank
In Albania, a robust recovery took place
in 2021thanks to policy stimulus and resurgence of travel,
construction, and extractive activity. Private investment,
consumption,...
Type: BriefReport#: 170604Date: April 22, 2022Author:
World Bank
Spillovers from Russia’s invasion of
Ukraine are expected to reverse the progress made by the
Kyrgyz economy in recovering from the COVID pandemic in 2021
when annual...
Type: BriefReport#: 170614Date: April 22, 2022Author:
World Bank
The Serbian economy is recovering well
from the impact of COVID-19 pandemic by growing 7.4 percent
in 2021 and poverty incidence declined to an estimated 9.8
percent....
Type: BriefReport#: 170622Date: April 22, 2022Author:
World Bank
In Colombia, economic recovery has been
solid, with risks stemming from the labor market and
higher-than expected inflation. GDP grew 10.6 percent in
2021 and is projected...
Type: BriefReport#: 170636Date: April 22, 2022Author:
World Bank
The Omicron wave and the Ukraine war
have further set back Thailand’s recovery and prompted a
downward revision of the World Bank’s growth projection to
2.9 percent...
Type: BriefReport#: 170822Date: April 22, 2022Author:
Puthong,Warunthorn ;
Ariyapruchya,Kiatipong ;
Edwards,Kim Alan
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