In the News
- 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
- Alfred Kammer at European Business Summit -- Panel on “Post-Covid Economy: What does the new normal look like?" | November 18, 2021
- Alfred Kammer's Presentation at EMPL Committee | November 18, 2021
- Governor Talk: Ireland | October 12, 2021
- Governor Talk: Russia | October 12, 2021
- Chief Economist Gita Gopinath participates in the 2021 Bruegel Annual Meetings | September 2, 2021
- IMF Managing Director on Global Policies and Climate Change | July 11, 2021
- Three Seas Summit and Business Forum - Presidents' Panel | July 8, 2021
- Labor reallocation needs triggered by COVID-19: Challenges and Policy Priorities | June 28, 2021
- Affordable Rental Housing: Making it Part of Europe’s Recovery | May 26, 2021
- Joint IMF-EPRS Online Policy Roundtable on Taxing Multinationals in Europe | May 26, 2021
- Joint IMF-EESC Public Debate on Taxing Multinationals in Europe | May 25, 2021
- EUI State of the Union - Conversation between Kristalina Georgieva and Alexander Stubb | May 6, 2021
- Governor Talk - Croatia, Asset Purchase Programs in Emerging Markets | April 6, 2021
- Governor Talk - Spain: How to Build Forward Better | April 5, 2021
- POLITICO Finance Summit 2021 – Panel discussion on CMU with Ashok Bhatia, Director of the IMF Offices in Europe | March 4, 2021
- Joint IMF-IMFS Webinar: Negative Interest Rates: Taking Stock of the Experience So Far | March 3, 2021
Themes
- Business resilience in the pandemic and beyond: Joint IMF-EIB-EBRD on "Adaptation, innovation, financing and climate action from Eastern Europe to Central Asia"
- IMF Executive Board Approves the Establishment of a Multi-Donor Administered Account for Ukraine | April 8, 2022
- Europe's Job Retention Schemes Contained Unemployment, But Challenges Remain | March 30, 2022
- Joint Statement of Heads of International Financial Institutions with Programs in Ukraine and Neighboring Countries | March 17, 2022
- How War in Ukraine Is Reverberating Across World’s Regions | March 15, 2022
- Ukraine: Request for Purchase under the Rapid Financing Instrument and Cancellation of Stand-by Arrangement | March 10, 2022
- IMF Executive Board Approves US$ 1.4 Billion in Emergency Financing Support to Ukraine | March 9, 2022
- Comments on Ukraine by IMF MD Georgieva at FT Climate Capital Conference | March 8, 2022
- Gita Gopinath in conversation with Eurofound at Foundation Forum 2022 | March 7, 2022
- IMF Staff Statement on the Economic Impact of War in Ukraine | March 5, 2022
- European Labor Markets and the COVID-19 Pandemic: Fallout and the Path Ahead | March 3, 2022
- Joint IMF-World Bank Group Statement on the War in Ukraine | March 1, 2022
- Statement by IMF Managing Director Kristalina Georgieva on Ukraine | February 25, 2022
- Supply Disruptions Add to Inflation, Undermine Recovery in Europe|February 17, 2022
- Denmark’s Social Trust in Action| February 2, 2022
- Inequality in the Spanish Labor Market During the COVID-19 Crisis | January 28, 2022
- Greece's Investment Gap | January 28, 2022
- Republic of North Macedonia: Central Bank Transparency Code Review | January 28, 2022
- Cars in Europe: Supply Chains and Spillovers during COVID-19 Times | January 14, 2022
- IMF Staff Contribution to the European Commission Review of the EU Economic Governance Framework | December 23, 2021
- IMF's Vienna Initiative DCM Report | November 29, 2021
- Tracing Productivity Growth Channels in the UK | November 12, 2021
- Barriers to Trade in Financial and Insurance Services: Evidence from the United Kingdom | October 29, 2021
- A Balance-Sheet Analysis of the Dutch Economy | October 22, 2021
- Europe’s Post-Pandemic Economic Challenges | October 20, 2021
- The Effectiveness of Job-Retention Schemes: COVID-19 Evidence From the German States | October 1, 2021
- Scaling up Climate Mitigation Policy in Germany | September 27, 2021
- Asset Purchase Programs in European Emerging Markets | September 24, 2021
- Pension Reforms in Europe: How Far Have We Come and Gone? | September 10, 2021
- “The Science and Art of Monetary Policy” - EUR’s Deputy Director Mahmood Pradhan reviews the latest book by ECB’s Massimo Rostagno | September 3, 2021
- Real Estate in the Netherlands: A Taxonomy of Risks and Policy Challenges | August 6, 2021
- Republic of Estonia: Technical Assistance Report-Fiscal Transparency Evaluation | August 6, 2021
- Reforming the Greek Pension System | July 16, 2021
- Who Bore the Brunt of the Pandemic in Europe? Shifting Private Stress to the Public Sector | July 15, 2021
- Beyond the Pandemic: Five Charts on Germany’s Economic Recovery Plan | July 15, 2021
- Guaranteed Minimum Income Schemes in Europe: Landscape and Design | July 2, 2021
- Fiscal Policies for Achieving Finland’s Emission Neutrality Target | June 25, 2021
-
Taxing Multinationals in Europe | May 25, 2021
Country Reports
- Iceland: Staff Concluding Statement of the 2022 Article IV Mission | May 11, 2022
- Denmark: Staff Concluding Statement of the 2022 Article IV Mission | May 9, 2022
- Switzerland: Staff Concluding Statement of the 2022 Article IV Mission | April 6, 2022
- Cyprus: Staff Concluding Statement of the 2022 Article IV Mission | March 30, 2022
- Bosnia and Herzegovina: Staff Concluding Statement of the 2022 Article IV Mission | March 25, 2022
- Serbia: 2022 Staff Visit | March 22, 2022
- Luxembourg: Staff Concluding Statement of the 2022 Article IV Mission | March 11, 2022
- Croatia: 2021 Staff Visit | March 7, 2022
- United Kingdom: 2021 Article IV Consultation | February 22, 2022
- North Macedonia: 2021 Article IV Consultation | February 15, 2022
- Spain: 2021 Article IV Consultation | February 15, 2022
- Euro Area: 2021 Article IV Consultation | February 7, 2022
- Israel: 2022 Article IV Consultation | February 6, 2022
- Finland: 2021 Article IV Consultation | January 31, 2022
- Czech Republic: 2021 Article IV Consultation | January 27, 2022
- France: 2021 Article IV Consultation | January 26, 2022
- Lithuania: 2021 Article IV Consultation | January 25, 2022
- Kosovo: 2021 Article IV Consultation | January 12, 2022
- North Macedonia: 2021 Article IV Consultation | December 17, 2021
- Poland: 2021 Article IV Consultation | December 14, 2021
- United Kingdom: 2021 Article IV Consultation | December 14, 2021
- Albania: 2021 Article IV Consultation | December 7, 2021
- Euro Area: 2021 Article IV Consultation Concluding Statement | December 6, 2021
- Czech Republic: 2021 Article IV Consultation Concluding Statement | November 23, 2021
- San Marino: 2021 Article IV Consultation Concluding Statement | November 23, 2021
- Finland: 2021 Article IV Consultation Concluding Statement | November 17, 2021
- Montenegro: 2021 Article IV Consultation Concluding Statement | November 17, 2021
- France: 2021 Article IV Consultation Concluding Statement | November 9, 2021
- IMF Staff Completes Discussions on the 2021 Article IV Consultations and Reaches a Staff-Level Agreement with Moldova | October 21, 2021
Regional Economic Outlook
REGIONAL ECONOMIC OUTLOOK
April 2022
The Russian invasion of Ukraine created a humanitarian catastrophe. In two months since the invasion, about 5 million people, mostly women and children, have fled Ukraine, and thousands have been wounded or killed. The war will also have severe economic consequences for Europe, having struck when the recovery from the pandemic was still incomplete. Large increases in commodity prices and compounded supply-side disruptions will further fuel inflation and cut into households’ incomes and firms’ profits. GDP growth for 2022 has thus been marked down by no less than 1 percentage point with respect to the January 2022 World Economic Outlook Update forecasts in most countries, with far larger output contraction anticipated in Russia and especially in Ukraine. Inflation is projected to hit a multi-decade high in many countries. And new risks loom from escalating fighting and disruptions to critical energy flows.
Blog: Europe’s Post-Pandemic Economic Challenges
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