The World Bank has published its latest Regional Economic Update for Europe and Central Asia region and warns that economic activity in the emerging and developing economies of the Europe and Central Asia region is likely to slow to 2.8% this year following substantial strengthening to 3.3% in 2023. However, a slower-than-expected recovery in key trading partners, especially in the euro area, restrictive monetary policies, and an exacerbation of geopolitical developments could further dampen growth across the region. To read the World Bank’s news release, go to https://www.worldbank.org/en/topic/development/publication/world-bank-regional-economic-updates.
Additional World Bank Regional Economic Updates are also available for: East Asia and Pacific, Africa, South Asia, Latin American and Caribbean, Middle East and North Africa.