After its worst economic crisis in 100 years, Latin America and the Caribbean countries are emerging from the COVID-19 pandemic. The need to recover dynamic, inclusive, and sustainable growth to redress both the legacy of the pandemic and long-standing social needs has never been more acute....

The aim of this note is to present and analyze subnational fiscal trends in Russia in the context of overall slowing economic growth and falling oil prices over the last few years. In particular, in 2015, GDP fell by 3.7 percent. Despite efforts to cut expenditures, the federal deficit increased...

The economy has shown resilience to recent global shocks thus far, with output surpassing its pre-pandemic level in 2022 Q3, earlier than expected but trailing behind peers. Thailand's economic recovery, however, lagged that of its ASEAN peers, most of which returned to pre-pandemic levels by...

Despite persistent macroeconomic instability, economic growth continued to recover in 2023, underpinned largely by a steady improvement in the service sector. GDP growth is forecast at 3.7 percent in 2023, slightly down from the projection in May 2023, primarily reflecting higher-than-expected...

The Country Opinion Survey in Vietnam assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Vietnam perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the...

The Country Opinion Survey in Kazakhstan assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Kazakhstan perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia,...

The fall 2021 issue of the Iraq Economic Monitor provides an in-depth review of the latest macroeconomic and policy developments amidst a global recovery in international oil markets and as COVID-19 restrictions begin to ease. As a result, the monitor finds that the economic prospects for Iraq...

Following the surge in COVID-19 infections in Q3 2021, Malaysia is gradually emerging from the worst wave of the pandemic. As a result, the Malaysian economy is expected to be on a recovery path next year. In the near-term, it is key to ensure that targeted support measures remain in place. The...

Iran's economy is gradually recovering following a lost decade (2011-2020) of negligible economic growth. Less stringent COVID-19 restrictions, adaptation to the new normal - reflected in a recovery in consumption, and more favorable oil sector conditions have driven a four-quarter rebound after...

After suffering a pandemic-driven slump in 2020, Kazakhstan's economic recovery is on track, having sustained quarterly growth throughout Q3 2021. Reduced COVID-19 cases and the loosening of mobility restrictions support business activities and maintain the rebound in consumer demand. However,...