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April 28, 2023

Regional Economic Outlook for Europe, April 2023

Description: Press Conference for the Economic outlook for Europe


October 12, 2022

Regional Economic Outlook for Europe, October 2022

Description: The war in Ukraine is taking a growing toll on Europe’s economies. The worsening energy crisis has depressed households’ purchasing power and raised firms’ costs, only partly offset by new government support. Central banks in the region and the world are acting more forcefully to bring high and persistent inflation down to targets, and global financial conditions have tightened. European policymakers are facing severe trade-offs and tough policy choices. A tightening macroeconomic policy stance is needed to bring down inflation, while helping vulnerable households and viable firms weather the energy crisis. But policies need to stay nimble and agile and adjust should additional shocks materialize.

April 20, 2022

Regional Economic Outlook for Europe, April 2022

Description: The Russian invasion of Ukraine created a humanitarian catastrophe. In two months since the outbreak of the war, about 5 million people, mostly women and children, fled Ukraine, and a further 7 million are estimated to be displaced internally. In addition, thousands have been wounded or killed.


October 20, 2021

Regional Economic Outlook for Europe, October 2021


Regional Economic Outlook for Europe, October 2021


April 12, 2021

Regional Economic Outlook for Europe | April 2021

Description: With new waves of COVID-19 infections hitting Europe, the recovery remains halting. However, vaccinations are progressing and thus Europe’s GDP growth is projected to rebound by 4.5 percent in 2021. The main priority is to quickly ramp up the production and administration of vaccines. At the same time, policymakers need to continue providing emergency support to households and firms. And they need to prepare measures to stimulate hiring and investment once the pandemic is under control. Such measures will foster a quicker and fuller recovery, by reducing scarring from unemployment, missed education and training, and low investment.


October 21, 2020

Regional Economic Outlook for Europe, Fall 2020

Description: The COVID-19 pandemic has hit Europe particularly hard — we project that the economic contraction in 2020 will be among the world's largest. Countries in Europe responded swiftly to the pandemic, which helped avoid worse outcomes. A decisive policy response protected incomes and the productive capacity of the economy. Across Europe, governments deployed large fiscal packages to support households and firms, with job retention programs preserving at least 54 million jobs. But the outlook for 2020 remains bleak and the recovery will be partial and uneven. We project that economic activity in Europe this year will decline by 7% and rebound by 4.7% in 2021. The recovery path is exceptionally uncertain. The ongoing resurgence of infections across Europe presents perhaps the greatest downside risk at this stage. Learn more, download our new Regional Economic Outlook for Europe.




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