G20 GDP Growth - Third quarter of 2022, OECD
Gross domestic product (GDP) in the G20 area grew by 1.3% quarter-on-quarter in the third quarter of 2022 according to provisional estimates, after shrinking by 0.3% in the second quarter. By contrast, in the OECD area GDP growth remained weak in Q3...
Thailand’s Economy Remains Resilient amid Global Headwinds
Thailand’s economy is projected to recover to its pre-pandemic level in 2022, but the pace of growth will be slower-than-expected in 2023 owing to global headwinds. The economy is projected to expand by 3.4 percent in 2022 and 3.6 percent in 2023....
New opportunities for Mongolia to strengthen private sector productivity, diversify economy – World Bank report
Mongolia has an opportunity to strengthen its business environment to create a more level-playing field for companies, particularly small and medium enterprises, (SMEs) and facilitate a more productive private sector beyond the mining sector,...
Iraq: Economic Diversification is Urgent to Reconcile Development Goals and Climate Ambition
The World Bank Group launched the Iraq Country Climate and Development Report (CCDR) in partnership with the Government of Iraq in a high-level roundtable held at the Prime Minister’s Guest House in Baghdad and attended by high-level officials and...
Russia’s war of aggression against Ukraine continues to create serious headwinds for global economy, OECD says
The global economy is expected to slow further in the coming year as the massive and historic energy shock triggered by Russia’s war of aggression against Ukraine continues to spur inflationary pressures, sapping confidence and household purchasing...
GDP Growth - Third quarter of 2022, OECD
Gross domestic product (GDP) in the OECD rose by 0.4% quarter-on-quarter in the third quarter of 2022, according to provisional estimates. Quarterly OECD growth rates have remained weak for the past three quarters.
Lao PDR: Reform Essential to Restore Economic Stability
Despite signs of economic recovery in early 2022, the Lao People’s Democratic Republic faces increased challenges from currency depreciation and high inflation, according to the World Bank’s latest economic update for the country.
Unemployment Rates, OECD - Updated: November 2022
The unemployment rate in the OECD was stable in September 2022, at 4.9%, slightly above its lowest point since the start of the series in 2001 (4.8%) recorded in July 2022. This rate was 0.4 percentage point below its pre-pandemic level. The number of...
New Report by the World Bank Identifies Key Challenges and Opportunities for Tunisia’s Development
The World Bank has released its second Systematic Country Diagnostic (SCD) report for Tunisia, titled Rebuilding Trust and Meeting Aspirations for a More Prosperous and Inclusive Tunisia, following the first edition produced in 2015.
Pakistan Urgently Needs Significant Investments in Climate Resilience to Secure its Economy and Reduce Poverty
This year’s heatwave and devastating floods are a reminder that climate change-induced disasters can significantly set back Pakistan’s development ambitions and its ability to reduce poverty. These disasters have caused more than 1,700 deaths and...
