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ECA Talk: Weak Growth, High Inflation, and a Cost-of-Living Crisis

April 20, 2023
World Bank, I2-220

According to our latest forecast for Europe and Central Asia, economic growth slowed sharply last year in the region, as Russia’s invasion of Ukraine, a surge in inflation, and the sharp tightening of monetary policy and financial conditions hit private consumption, investment, and trade. The marked increase in food and energy prices boosted inflation to a pace not seen in 20 years. This update summarizes recent developments and presents the economic outlook for the Europe and Central Asia region. It also focuses on the uneven burden of inflation, as the poorest households faced a higher inflation than the richest households.

The conversation on April 20 discussed this analysis and the report's main findings.


  • Time: 10-11:30AM EDT
  • Location: World Bank, I2-220
  • Chair: Dorothe Singer, Senior Economist, Europe and Central Asia, World Bank
  • CONTACT: Suzette Samms-Lindsay