Economic overview After the recession caused by Covid-19 and the sharp drop in GDP of 6% in 2020, the Macedonian economy recorded a 4% growth in 2021, thanks to the recovery of domestic consumption, greater mobility, the return of the diaspora and the government support measures. Private investment still remains weak. Despite the recovery in Read more about Country report Macedonia[…]
Economic overview The per capita GDP of Luxembourg, the smallest of the European Union states in terms of territory and population, is among the highest in the European Union (about 80,000 euros). The most important sector for the country is currently the financial one, which contributes 30% of the gross domestic product. Luxembourg vies with Read more about Country report Luxembourg[…]
Economic overview Liechtenstein is a member of numerous international organizations and bodies. Among others, it is a member of the Council of Europe, the United Nations (UN), the European Free Trade Association (EFTA) and the Organization for Security and Co-operation in Europe (OSCE). Since 1923, there has been a Customs Union Treaty with Switzerland through Read more about Country report Liechtenstein[…]
Economic overview Latvia is a parliamentary republic with a head of government, the prime minister, who chooses the council of ministers and a head of state, the president, who has largely ceremonial powers and appoints the prime minister. The government remains subject to the approval of Parliament for the duration of the entire legislature. The Read more about Country report Latvia[…]
Economic overview Progress in emerging from the effects of the Covid-19 pandemic in 2021 has been cooled by various constraints, aggravated, in the first half of 2022, by the Russian aggression in Ukraine and its consequences, especially in the energy field. In the second half of 2021, the Lithuanian economy had in fact continued to Read more about Country report Lithuania[…]
Economic overview In 2021, the country came out of the recession due to the COVID-19 pandemic. Before the crisis, the usually low growth rate was on the rise, while unemployment and underemployment were decreasing, fueling widespread crime linked especially to drug trafficking. Economic reforms have made it possible to keep inflation and deficits under control; Read more about Country report Jamaica[…]
Economic overview Kenya is the main economy of East Africa and one of the most important markets in Sub-Saharan Africa. For almost 10 years, the country’s economy has recorded constant growth rates ranging between 4 and 6%. It has shown great resilience during the pandemic, with a major rebound to 7.5% per cent in 2021, Read more about Country report Kenya[…]
Economic overview The Japanese economy in 2021 followed a path determined by pandemic waves, with an alternation of expansions and contractions. 2021 was another extraordinarily volatile year for the Japanese economy, with less extreme variations compared to 2020, but with a persistent alternation of expansion and contraction, dictated by the trend of the pandemic and Read more about Country report Japan[…]
Economic overview Italian GDP is expected to continue growing both in 2022 (+ 2.8%) and in 2023 (+ 1.9%), albeit slowing down compared to 2021. In the forecast two-year period, the increase in GDP will mainly be determined by the contribution of domestic demand net of inventories (respectively +3.2 and +1.9 percentage points) while net Read more about Country report Italy[…]
Economic overview Many sectors point to a positive balance sheet and the figures show this. In about 30 years, Israel has experienced a growth of 10% per year. It has undergone a slight slowdown in recent years, but still boasts a nice 6% that would make Western countries dream, touched by the global economic crisis. Read more about Country report Israel[…]