Economic overview After the terrible repercussions caused by the pandemic, the country seems to have gradually returned to normal growth levels and in 2021 recorded a GDP growth rate at constant prices of +4%. However, Nepal remains one of the poorest countries in South Asia. Per capita income in 2021 was approximately $1,218, up from Read more about Country report Nepal[…]
Economic overview According to most observers, the decision by the Burmese junta to extend the state of emergency for another six months is an act that demonstrates its great weakness. The decision was made by General Min Aung Hlaing, chairman of the State Administration Council (SAC) and Supreme Commander of the Burmese Armed Forces, on Read more about Country report Myanmar[…]
Economic overview During 2020, the effects of the pandemic on the Moroccan economy translated into a contraction in growth of over 7%, due to the combined effect of the drop in exports and the reduction in domestic demand, aggravated for the second consecutive year by drought. In 2021, the national economy showed strong signs of Read more about Country report Morocco[…]
Economic overview In 2023, economic policy will focus on mitigating the economic fallout caused by the war in Ukraine. The State Electricity Company (EPCG) has granted a 12.5% discount on electricity bills for households for 2022, to mitigate the impact of rising cost of living in general. In January 2023, the country will receive a Read more about Country report Montenegro[…]
Economic overview Mongolia is the second largest landlocked country in the world and the one with the lowest population density, some of which, around 30 percent, continue to maintain nomadic and rural-pastoral traditions. Instability is one of the main characteristics of the Mongolian political system, characterized by frequent sectarian conflicts, endemic governance problems and widespread Read more about Country report Mongolia[…]
Economic overview In 2021, Monaco’s GDP reached 7.27 billion euros. 6.60 billion euros in 2019 and 5.90 billion euros in 2020. After a sharp decline of 13% in 2020, it grew by 21.6% in 2021 and above all by 5.8% compared to 2019 (in volume , adjusted for inflation). In other words, the Principality’s economy Read more about Country report Monaco[…]
Economic overview On 1 November 2022, a new agreement between the EU and Moldova (or Moldova) entered into force, aimed at improving trade facilitation for businesses. This is an important step with the aim of strengthening the export capacity of Moldovan products to the EU market, of vital interest for companies. The adoption of this Read more about Country report Moldova Republic[…]
Economic overview The Mexican economy grew in the third quarter of 2022 and did so at a much faster rate than the market expected. In fact, the gross domestic product increased by 1% in the third quarter compared to the previous quarter, against expectations of a growth of 0.7% and accelerating compared to the growth Read more about Country report Mexico[…]
Economic overview Malta, despite its small size (GDP of around 1.7 billion euros in 2021) is confirmed as one of the most dynamic economies in the European Union, continuing to record a positive trend in the main macroeconomic indicators. According to the most up-to-date estimates, Maltese GDP grew by 10.4% compared to 2020. The Maltese Read more about Country report Malta[…]
Economic overview The Malaysian Minister of Finance, Datuk Seri Tengku Zafrul Tengku Abdul Aziz, presented the budget for 2022 in Parliament in November 2021, the first of the government led by Ismail Sabri, which rests on three main pillars: Strengthening Recovery, Building Resilience and Driving reforms. The total allocation of €69.2 billion, the highest ever Read more about Country report Malaysia[…]