After a strong start in early 2022, the largest COVID-19 wave in two years and resulting mobility restrictions have disrupted China's growth normalization. The global environment has also significantly worsened following Russia's invasion of Ukraine. Real gross domestic product (GDP) growth is...

Development prospects in Madagascar continue to be hampered by the country's low growth potential and exposure to frequent, deep, and persistent crises. Following a recession in 2020 that was about three times deeper than in the rest of Sub-Saharan Africa, an economic recovery started in...

Chad's gross domestic product (GDP) contracted by 1.2 percent in 2021 - the second consecutive year of recession - driven by a two-month suspension of oil production at its Esso plants, economic disruptions due to sociopolitical insecurity, and liquidity constraints because of delays in debt...

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....