This Algeria Economic Update provides an account of main recent economic developments and policies. It places them in a global and longer-term context and assesses the consequences of these developments and policy changes for Algeria's prospects. The report is intended for a wide audience,...

This Iran Economic Monitor (IEM) provides an update on key economic developments and policies as of Spring 2022. Iran's economy continued its gradual recovery in 2021-2022 following the rebound in domestic and external demand. Despite a more accommodative fiscal policy in 2021-2022, higher oil...

The Moroccan economy staged a strong recovery in 2021. However, Morocco is once again suffering the impact of a string of adverse shocks. The beginning of the agricultural season has been unusually dry, and a poor cereal crop is to be expected for 2022. This coincides with a slowing of the...

Jordan's economy achieved a relatively strong rebound, registering 2.2 percent growth in 2021. The nascent recovery was led by a broad-based expansion of the services and industrial sectors, while the rebound in the travel and tourism also exceeded expectations. This robust economic recovery was...

This report discusses long-term growth prospects in four EU countries - Bulgaria, Croatia, Poland and Romania. It brings together the key anticipated structural trends in the EU over the next decade to construct a baseline for potential growth by 2030. Thereafter, it quantifies the impact of...

Cambodia is now weathering an oil price shock, just as the economy had started to recover amid a rollback of Coronavirus (COVID-19)-related restrictions. Negative impacts of the oil price shock are amplified by Cambodia's already large external imbalances. Rising food and energy prices have...

Driven by a rebound in tourism, Maldives' economy recovered sharply in 2021, and poverty is expected to return to pre-pandemic levels by 2023. In 2020, the outbreak of COVID-19 hit international travel and tourism severely and, thus, caused a 33.5 percent contraction in Maldives' GDP....

Libya is struggling to cope with a trifecta of crises, including the civil conflict, the Coronavirus (COVID-19) pandemic and most recently, the impact of the Russia-Ukraine crisis. Notwithstanding the tempering of conflict intensity since 2021, the Libyan economy has been battered by the...

Digitalization represents a key driver for long-term economic growth. While the use of digital technology has accelerated during the pandemic, the Philippines has not fully leveraged its expected benefits. There has been progress in expanding digital connectivity, but challenges remain. The...

The Democratic Republic of the Congo (DRC) has suffered from decades of conflict, poor governance, and volatile economic growth reflecting commodity dependence. Poverty remains widespread in the country, including in urban areas, albeit uneven across regions. The Coronavirus (COVID-19) pandemic...