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COVID-19 (coronavirus) has taken a heavy economic and human toll globally and in Indonesia. According to official … Indonesia (-2.1 percent) was milder than among Emerging Markets and Developing Economies, EMDEs (-4.3 percent excluding China … government's social assistance program mitigating a potentially worse outcome. Indonesia's recovery has been relatively gradual …
Persistent link: https://www.econbiz.de/10012603694
Commodity windfalls and private consumption have sustained Indonesia's growth despite a difficult global environment …. Indonesia's external vulnerabilities remain moderate. The fiscal stance has normalized reflecting faster fiscal consolidation … led Bank Indonesia (BI) to ease its pace of monetary tightening. The outlook remains stable as the economy normalizes …
Persistent link: https://www.econbiz.de/10014312770
The Philippines economy posted robust growth in early 2010, in part due to large one-off factors. As did many countries … in the region, the Philippines benefited from a strong rebound in global trade. Manufacturing and investment activity … accommodative. A World Bank study of Philippines migration pattern during the global recession reveals that deployment of overseas …
Persistent link: https://www.econbiz.de/10012247380
The objective of this report is to provide an update to the Government of Cabo Verde, think-tanks and researchers, and the public on the state of the Cabo Verde economy and its outlook, together with the structural reforms required to strengthen the foundations for private sector-led recovery...
Persistent link: https://www.econbiz.de/10012700731
Iraq is facing daunting challenges of Islamic State of Iraq and Syria (ISIS) insurgency, political upheaval, and profound economic and humanitarian crises. Compounding the ISIS-related crisis, the sharp decline in global oil prices has resulted in significant decline in oil export revenues....
Persistent link: https://www.econbiz.de/10012644852
The COVID-19 pandemic has turned the world economy upside down. As recently as January 2020, analysts and various institutions projected that, this year, the global economy would haverecovered from the lowest growth since post-global financial crisis. But instead, developed and developing...
Persistent link: https://www.econbiz.de/10012647396
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...
Persistent link: https://www.econbiz.de/10012647400
The war in Ukraine and rising commodity prices have exacerbated the vulnerabilities of the Tunisian economy in the first months of 2022. The impact of the war began to be felt as the trade deficit widened by 56 percent in the first six months of 2022 reaching 8.1 percent of GDP. Lower oil and...
Persistent link: https://www.econbiz.de/10013415273
Lebanon is hit by yet another crisis: the spillover effects of the conflict in the Middle East. While the country remains mired in political and institutional vacuum, and a crippling socioeconomic crisis for over four years, it has now been hit by another large shock: fear that the current...
Persistent link: https://www.econbiz.de/10014454372
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...
Persistent link: https://www.econbiz.de/10012646389