Europe and Central Asia Economic Update

A new Regional Economic Update, titled "TRADE IN TRANSITION", will be launched in Tbilisi, Georgia on May 11, 2017.

Please subscribe to our regional newsletter and we will inform you once the report is available.

Highlights from Upcoming Report

  • Economies in Europe and Central Asia (ECA) are returning to a more stable growth path.
  • In the European Union a sustained, albeit modest, recovery has started to reduce unemployment.
  • In Eastern Europe the stabilization of oil prices at around $50 per barrel has provided some breathing room for governments that have begun adjusting their policies to the lower oil prices.
  • In most countries of the region the adjustment to the New Normal, in which the conditions of the boom period cannot be replicated, is still incomplete.
  • Global competition and technological changes are shifting employment opportunities across occupations and sectors, and are changing the nature of labor contracts.
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Previous Economic Updates


Polarization and Populism
While Brexit vote and the refugee crisis are testing the European Union’s internal cohesion, continued vulnerabilities in European banking sectors are curbing the economic recovery.
World Bank, November 2016

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The Impact of China on Europe and Central Asia
The report focuses attention on the impact of China’s GDP slowdown and economic transformation, which opens up both challenges and long-term opportunities for economies of Europe and Central Asia.
World Bank, April 2016

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Low Commodity Prices and Weak Currencies
Against the backdrop of a weakening global economy and volatility in international financial markets, countries of the Europe and Central Asia are transitioning to a new normal.
World Bank, October 2015

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The Macro Poverty Outlook is a semi-annual report, which analyses macro and poverty developments in developing countries. It is jointly produced by the Poverty & Equity and Macroeconomics and Fiscal Management Global Practices of the World Bank.