Regional Economic Outlook, Europe, October 2024

Regional Economic Outlook, Europe, October 2024
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Total Pages: 43
Release: 2024-10-24
Genre: Business & Economics
ISBN:

Europe’s economy is recovering, benefiting from a strong crises’ response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts is dampening the near-term outlook. In the longer term, perennially weak productivity growth—a result of limited scale and business dynamism–-amid new headwinds from fragmentation and climate change are holding back growth potential. Steady macro policies are needed to navigate an uncertain environment. This requires transitioning to a neutral monetary policy stance and reducing fiscal deficits without jeopardizing the recovery. Policymakers also need to tackle barriers to higher potential growth. A larger and more integrated single market for goods, services, and capital will incentivize investment, innovation, and generate scale benefits. Deepening European integration will also strengthen economic resilience by insulating businesses and labor markets from global fragmentation pressures. These are formidable policy challenges, but now is the time to bring Europe to its full potential.

OECD Economic Outlook, Volume 2021 Issue 1

OECD Economic Outlook, Volume 2021 Issue 1
Author: OECD
Publisher: OECD Publishing
Total Pages: 221
Release: 2021-05-31
Genre:
ISBN: 9264816917

The OECD Economic Outlook, Volume 2021 Issue 1, highlights the improved prospects for the global economy due to vaccinations and stronger policy support, but also points to uneven progress across countries and key risks and challenges in maintaining and strengthening the recovery.

Global Economic Prospects, June 2021

Global Economic Prospects, June 2021
Author: World Bank
Publisher: World Bank Publications
Total Pages: 339
Release: 2021-08-03
Genre: Business & Economics
ISBN: 1464816662

The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

OECD Economic Outlook, Volume 2017 Issue 1

OECD Economic Outlook, Volume 2017 Issue 1
Author: OECD
Publisher: OECD Publishing
Total Pages: 340
Release: 2017-06-30
Genre:
ISBN: 9264277641

The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years.

Competitiveness and Private Sector Development Competitiveness in South East Europe A Policy Outlook 2018

Competitiveness and Private Sector Development Competitiveness in South East Europe A Policy Outlook 2018
Author: OECD
Publisher: OECD Publishing
Total Pages: 706
Release: 2018-04-24
Genre:
ISBN: 9264298576

Future economic development and the well-being of citizens in South East Europe (SEE) increasingly depend on greater economic competitiveness. Realising the region’s economic potential requires a holistic, growth-oriented policy approach. Against the backdrop of enhanced European Union (EU) ...

Regional Economic Outlook: Europe

Regional Economic Outlook: Europe
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Total Pages: 58
Release: 2022-10-13
Genre: Business & Economics
ISBN:

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.

Europe's Growth Champion

Europe's Growth Champion
Author: Marcin Piatkowski
Publisher: Oxford University Press
Total Pages: 397
Release: 2018
Genre: Business & Economics
ISBN: 0198789343

What makes countries rich? What makes countries poor? Europe's Growth Champion: Insights from the Economic Rise of Poland seeks to answer these questions, and many more, through a study of one of the biggest, and least heard about, economic success stories. Over the last twenty-five years Poland has transitioned from a perennially backward, poor, and peripheral country to unexpectedly join the ranks of the world's high income countries. Europe's Growth Champion is about the lessons learned from Poland's remarkable experience, the conditions that keep countries poor, and the challenges that countries need to face in order to grow. It defines a new growth model that Poland and its Eastern European peers need to adopt to grow and catch up with their Western counterparts. Poland's economic rise emphasizes the importance of the fundamental sources of growth- institutions, culture, ideas, and leaders- in economic development. It demonstrates that a shift from an extractive society, where the few rule for the benefit of the few, to an inclusive society, where many rule for the benefit of many, can be the key to economic success. *IEurope's Growth Champion asserts that a newly emerged inclusive society will support further convergence of Poland and the rest of Central and Eastern Europe with the West, and help to sustain the region's Golden Age. It also acknowledges the future challenges that Poland faces, and that moving to the core of the European economy will require further reforms and changes in Poland's developmental character.

OECD Regional Outlook 2019

OECD Regional Outlook 2019
Author:
Publisher:
Total Pages: 240
Release: 2019
Genre:
ISBN: 9789264375376

Large and persistent inequalities in regional economic performance within countries exist throughout the OECD. The 2019 Regional Outlook discusses the underlying causes of economic disparities across regions and highlights the need for place-based policies to address them. The report makes the case that place-based policies are especially important in light of growing public discontent with the economic, social and political status quo in many regions. The geographical patterns of public discontent are closely related to the degree of regional inequalities and policies to address public discontent need to have a place-based dimension. Place-based policies will become even more important in the future due to several technological, demographic and environmental megatrends. This Regional Outlook emphasises that all regions will be affected by these megatrends, but their effects will vary from region to region, even within the same country. Appropriate policy responses need to take this diversity into account and should be tailored to the region-specific impacts of global megatrends. Insofar as possible, this Regional Outlook presents steps that policy makers can take today to make the next generation of regional policies fit for the future.

OECD Economic Outlook

OECD Economic Outlook
Author: Organisation for Economic Co-operation and Development
Publisher:
Total Pages: 668
Release: 2009
Genre: Commercial statistics
ISBN:

Regional Economic Outlook, Europe, November 2023

Regional Economic Outlook, Europe, November 2023
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Total Pages: 39
Release: 2023-11-07
Genre: Business & Economics
ISBN:

Europe is at a turning point. After last year’s crippling energy price shock caused by Russia’s invasion of Ukraine, Europe faces the difficult task of restoring price stability now while securing strong and green growth in the medium term. Economic activity has started to cool and inflation to fall as a result of monetary policy action, phasing-out supply shocks, and falling energy prices. Sustained wage growth could, however, delay achieving price stability by 2025. Failing to tackle inflation now will risk additional growth damage in a world exposed to structural shocks from fragmentation and climate change. These global headwinds add to Europe’s long-standing productivity and convergence problems. To lift Europe’s potential for strong and green growth, countries need to remove obstacles to economic dynamism and upgrade infrastructure. This will strengthen business-friendly conditions and investment. Cooperation at the European level and with international partners will position Europe as a leader in the climate transition and support economic stability across the continent.