A surprisingly strong rebound in the first half of this year boosted economic activity in emerging market and developing countries in the Europe and Central Asia region, with the regional economy now projected to expand by a better-than-expected 5.5 percent in 2021, says the latest edition of the World Bank’s Economic Update for the region, released on October 5, 2021.
The rebound was largely driven by a strong recovery in exports during the first half of this year, as activity in the Euro area bounced back and commodity prices rose sharply, as well as strengthening domestic demand due to vaccinations and support packages. The boost to exports, however, may be fading going forward due to the ongoing global and regional spread of more contagious COVID-19 variants, which has also dampened the recovery in regional domestic demand.
At this seminar, Dorothe Singer, Senior Economist, Office of the Chief Economist for Europe and Central Asia, shared the main findings of the report.
Date/Time:
8am-9am, Tuesday November 2, 2021 (Japan Standard Time)
Speaker
Office of the Chief Economist for Europe and Central Asia, World Bank
Dorothe Singer is a Senior Economist in the office of the chief economist for Europe and Central Asia. Her research focuses on access to finance, measuring financial inclusion (Global Findex), and the role of institutions in international finance. She joined the World Bank in 2009 and holds a Ph.D. in economics from Tilburg University, The Netherlands.
Presentation material:
Europe and Central Asia Economic Update Fall 2021 : Competition and Firm RecoveryPost-COVID-19 (PDF)
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