Economic growth for the emerging market and developing economies across Europe and Central Asia has been revised up to 2.4% for 2023, in the World Bank's latest economic forecast for the region. This pickup in growth reflects improved forecasts for war-hit Ukraine and for Central Asia, as well as consumer resiliency in Türkiye and better-than-expected growth in Russia because of a surge in government spending on the military and social transfers. However, overlapping shocks—the ongoing invasion of Ukraine, a cost-of-living crisis, climate risks and more—present formidable challenges to the region’s growth.
At this online seminar, Sergiy Kasyanenko, Economist, Office of the Chief Economist for Europe and Central Asia, introduced the main points of the report.
8am-9am, Friday November 10, 2023 (Japan Standard Time)
Economist, Office of the Chief Economist for Europe and Central Asia, World Bank