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...

The COVID-19 (Coronavirus) pandemic has triggered a deep global economic recession. The COVID-19 (Coronavirus) shock is the most adverse peacetime shock to the global economy in a century. The Russian Federation possesses a high-quality education system that is recognized internationally....

In 2020, Brazil was about to face socioeconomic disruptions of historical proportions. The onset of the COVID-19 pandemic has broken several undesirable Brazilian records. First, the pandemic wreaked an enormous direct human toll, sickening millions and causing the death of 195,441 Brazilians in...

The Iran Economic Monitor (IEM) provides an update on key economic developments and policies. It examines these economic developments and policies in a longer-term and global context and assesses their implications for the outlook for thecountry. The IEM's coverage ranges from the macroeconomy...

The report identifies the need for reforms in five complementary areas to boost recovery, productivity, and economic transformation: 1) business regulatory environment; 2) foreign direct investment (FDI); 3) access to productive finance; 4) innovation and entrepreneurship; and 5) participation in...

The report identifies the need for reforms in five complementary areas to boost recovery, productivity, and economic transformation: 1) business regulatory environment; 2) foreign direct investment (FDI); 3) access to productive finance; 4) innovation and entrepreneurship; and 5) participation in...

The current downturn in commodity prices provides an opportunity for Indonesia to shift away from its dependence on commodity-driven growth towards higher value-added activities in manufacturing and services. However, Indonesia faces both global and structural challenges in making this...

Despite an initial surge in COVID-19 cases, cross country data suggests that Turkey containedrelatively quickly the spread and worst health effects of the virus. As in other countries, however, continued vigilance is essential to sustain this fragile trend. Turkey's pandemic response may offer...

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...