In the News
-
NEW
A discussion with Mr. Alfred Kammer for Privesc.EU | March 13, 2023 -
NEW
IMF praises Ukraine's economic resilience as 'astonishing' while country pushes for $15-billion loan | February 22nd, 2023 - IMF's Alfred Kammer on Economic Outlook for Latvia - Interview with Latvian National Television | February 7, 2023
- IMF's Alfred Kammer on Economic Outlook for Bulgaria - Interview with Bulgarian National Television | December 10th, 2022
- IMF's Alfred Kammer on Europe's Economic Outlook - Interview with Bloomberg's Francine Lacqua and Tom Mackenzie | December 6th, 2022
- 3rd Joint Bank of England – Banque de France – IMF – OECD – Banca d’Italia Workshop on International Capital Flows and Financial Policies | October 17, 2022
- Bruegel Annual Meetings: How to minimise the damage caused by global fragmentation | BAM22 | September 6, 2022
- CESEE Deleveraging and Credit Monitor: Key Developments in Portfolio Flows, BIS Banks’ External Positions, and Domestic Credit| June 15, 2022
- Improving Cash and Debt Management Coordination in Southeast Europe | March 18, 2022
- Alfred Kammer at EPRS online policy roundtable: How strong is Europe's economic recovery? | February 8, 2022
Themes
-
NEW
Labor Market Implications for Green Investments and Carbon Pricing in Spain| February 28, 2023 -
NEW
Labor Productivity Dynamics in Spain: A Firm-Level Perspective| February 28, 2023 -
NEW
Hungarian Monetary Policy Operations Before, During, and After the Pandemic| February 26, 2023 -
NEW
Drivers of Inflation: Hungary| February 26, 2023 - IMF Staff and Ukrainian Authorities Reach Staff Level Agreement on the review of Program Monitoring with Board Involvement (PMB)| February 17, 2023
- Managing Director's Remarks at the Munich Security Conference| February 17, 2023
- Republic of Moldova: Poverty Reduction Strategy and Growth Strategy| February 14, 2023
- Ukraine: Statement at the start of the mission| February 13, 2023
- The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection| February 10, 2023
- The Future of PPPs in the Western Balkans| February 10, 2023
- Republic of Croatia: Representative Rate for the Euro| February 7, 2023
- Alfred Kammer Remarks on the "War in Ukraine: Impact and Challenges for the Capital Markets"| February 3, 2022
- Belgium Adheres to the IMF's Special Data Dissemination Standard Plus| January 26, 2023
- How Ukraine is Managing a War Economy | December 22, 2022
- Austria contributes €14.9 million to IMF’s PRG-HIPC Trust in support of Somalia and Sudan Debt Relief | December 20, 2022
- Alfred Kammer's Speaking Points for the conference on Bulgaria in the Eurozone | December 9, 2022
- Alfred Kammer's Remarks at the 6th ESRB Annual Conference | December 8, 2022
- Vienna Initiative - CESEE Deleveraging and Credit Monitor | December 6, 2022
Regional Reports and Blogs
REGIONAL ECONOMIC OUTLOOK
October 2022
Europe was on its way to exit the pandemic at the end of 2021, with a broadly appropriate policy mix that supported a handover from public to private sector–led growth, while rising inflation was expected to subside as commodity prices and supply chain disruptions would ease. Russia’s war in Ukraine and its fallout changed this picture completely. Europe has been hit by a massive terms-of-trade shock that has weakened the growth outlook, further raised the level and persistence of inflation, and led to a cost-of-living crisis that threatens social cohesion. Furthermore, risks of medium-term output scarring, which was successfully avoided in the pandemic, are resurfacing. Risks to growth are on the downside, while those to inflation are on the upside, as epitomized by the energy crisis, which is fostering unusually high uncertainty and steep policy trade-offs. Policymakers will need to walk a fine line between tightening policy stances to bring down inflation and supporting vulnerable households and viable firms through the energy crisis, while standing ready to adjust the policy mix should additional shocks materialize.
Blog: Europe Must Address a Toxic Mix of High Inflation and Flagging Growth
IMF Blogs - Europe
Euro Area Reports
Biases in Survey Inflation Expectations: Evidence from the Euro Area (September 30, 2022)
A Bottom-Up Reduced Form Phillips Curve for the Euro Area (December 16, 2022)
Learn more
Country Reports
-
NEW
Sweden: IMF Executive Board Concludes 2023 Article IV Consultation |March 16, 2023 -
NEW
IMF Staff Statement on Ukraine |March 15, 2023 - Luxembourg: Staff Concluding Statement of the 2023 Article IV Mission |March 10, 2023
- Kingdom of the Netherlands–the Netherlands: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director |March 9, 2023
- IMF Staff Concludes Visit to San Marino |March 3, 2023
- IMF Executive Board Concludes 2022 Article IV Consultation with Belgium | March 2, 2023
- IMF Executive Board Concludes 2022 Article IV Consultation with Türkiye|February 15, 2023
- Malta: 2022 Article IV Consultation-Press Release; and Staff Report|February 8, 2023
- Hungary: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director |February 3, 2023
- France: IMF Executive Board Concludes 2022 Article IV Consultation | January 30, 2023
- Kosovo: IMF Executive Board Concludes 2022 Article IV Consultation | January 27, 2023
- Sweden: Staff Concluding Statement of the 2023 Article IV Mission | January 27, 2023
- Finland: IMF Executive Board Concludes 2022 Article IV Consultation | January 23, 2023
- Czech Republic: IMF Executive Board Concludes 2022 Article IV Consultation | January 20, 2023
Social Media
Tweets by IMFinEuropeIn the Field
IMF Regional Offices
- IMF Europe Office in Paris and Brussels
- IMF Regional Office for Central, Eastern and Southeastern Europe
- Regional Office for the Western Balkans
IMF Resident Representative Offices
- IMF Office in Albania
- IMF Office in Bosnia and Herzegovina
- IMF Office in Bulgaria
- IMF Office in Cyprus
- IMF office in Hungary
- IMF Office in Ireland
- IMF Office in Kosovo
- IMF Office in North Macedonia
- IMF Office in Romania
- IMF Office in Russia
- IMF Office in Serbia
- IMF Office in Turkey
Training Facilities