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Economic growth slowed sharply last year in Europe and Central Asia, as Russia's invasion of Ukraine, a surge in inflation, and the sharp tightening of monetary policy and financing conditions hit private consumption, investment, and trade. The marked increase in food and energy prices boosted...
Persistent link: https://www.econbiz.de/10014312712
Europe and Central Asia (ECA) continues to be negatively impacted by the Russian Federation's invasion of Ukraine, tighter global financial conditions, persistent inflation, and global economic fragmentation. Economic growth in the region is projected to remain weak relative to the long-term...
Persistent link: https://www.econbiz.de/10014454325
This report is about the twelve countries of the former Soviet Union (Eurasia). About 85 percent of the region???s economic output is in six resource-rich economies. Today, 85 percent of Eurasia???s 280 million people are no longer poor. But academics who study resource-based economies debate...
Persistent link: https://www.econbiz.de/10012563953
Twenty-seven countries have reached high-income status since 1990. Ten of these are in the Europe and Central Asia region and have joined the European Union. Another 20 in the region have become more prosperous since the 1990s. However, their transition to high-income status has been delayed....
Persistent link: https://www.econbiz.de/10015372290
Business dynamism and economic growth in Europe and Central Asia have weakened since the late 2000s, with productivity growth driven largely by resource reallocation between firms and sectors rather than innovation. To move up the value chain, countries need to facilitate technology adoption,...
Persistent link: https://www.econbiz.de/10015402491