Regional Economic Outlook, April 2022, Europe.

The war in Ukraine is casting a pall on Europe and its economy. Millions of innocent civilians have been displaced and thousands wounded or killed. For Europe's economy, it has struck at a time when private consumption and investment are still below pre-pandemic trends, and the pandemic itself...

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Співавтор: International Monetary Fund. European Dept
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2022.
Серія:Regional Economic Outlook
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Онлайн доступ:Full text available on IMF
Опис
Резюме:The war in Ukraine is casting a pall on Europe and its economy. Millions of innocent civilians have been displaced and thousands wounded or killed. For Europe's economy, it has struck at a time when private consumption and investment are still below pre-pandemic trends, and the pandemic itself continues to weigh on activity. Large increases in commodity prices and continued supply-side disruptions are now pushing inflation to higher levels, cutting into household incomes and firm profits. New risks loom from escalating fighting and disruptions to critical energy flows. The main challenges for Europe's policymakers are clear: caring for the refugees; helping vulnerable households and firms cope with higher spending on energy; beefing up energy security; and, together with social partners, ensuring that wage and price expectations remain well anchored.
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Фізичний опис:1 online resource (31 pages)
Формат:Mode of access: Internet
ISSN:2071-4165
Доступ:Electronic access restricted to authorized BRAC University faculty, staff and students