Pakistan is facing yet another balance of payment crisis. Authorities have taken some corrective measures and negotiated a 39-month stabilization program with the International Monetary Fund (IMF). Nonetheless, inflationary pressures increased during FY19. Current account deficit narrowed as...

In Spring 2020, Western Balkan countries - like most others in the world-have been forced to impose tight restrictions on economic life to contain the COVID-19 (Coronavirus) pandemic. In the first half of 2020, the world has seen explosive growth of infections with the deadly novel virus. As...

The COVID-19 (coronavirus) global pandemic will have a large negative impact on the Kenyan economy. Even before being affected by the novel coronavirus, Kenya's economy had decelerated. The World Bank estimates that GDP growth in 2019 was about 5.6 percent, down from 6.3 percent in 2018. The...

Before the COVID-19 (Coronavirus) pandemic, Somalia's economy was on an upward trajectory, recovering from the 2016/17 drought. The economy grew at an estimated rate of 2.9 percent in 2019, on par with population growth, and was projected to grow at 3.2 percent in 2020. The COVID-19 pandemic has...

When the global COVID-19 (Coronavirus) pandemic emerged in early 2020, Liberia was already facing a challenging domestic and external environment. Weak consumption and declining output had caused the Liberian economy to contract by an estimated 2.3 percent in 2019. Meanwhile, the inflation rate...

Up to February 2020, Chad's economy continued its gradual, but mild recovery, supported by a substantial increase in oil and agriculture production. Since March 2020, like in the rest of the world, the Coronavirus (COVID-19) pandemic has dramatically changed Chad's macroeconomic outlook. Chad's...

This third edition of the Zimbabwe Economic Update (ZEU) aims to provide both a current and historical background covering the pre-pandemic (2019) and pandemic (2020 to April 2021) period. The 2019-2020 period marked a very difficult time for the country as 2019 was clouded by a prolonged...

South Sudan has suffered multiple shocks in 2020, potentially derailing an economic recovery and peace building process. The FY21 budget seeks to stabilize the economy, provide basic services, consolidate peace, and address Coronavirus (COVID-19) effects. While South Sudan is currently faced...

The special topic of this edition of the Macroeconomic Monitoring report focuses on the TC administration's 'public' financial support to the agriculture sector. Due to the Turkish lira depreciation, the recent adverse climate conditions, and exacerbated by the COVID-19 crisis, the agriculture...

This report presents an overview of Algeria's recent macroeconomic developments and of its short-term economic outlook. The report is divided into two chapters. Chapter one presents the country's macroeconomic developments in 2019, which establishes the context for the unprecedented developments...