EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again

The world has been hit by two destabilizing shocks in quick succession. The COVID-19 pandemic induced the sharpest peacetime recession in the European Union (EU) in 2020, reversing recent progress in rising living standards and leaving deep economi...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC : World Bank 2022
Subjects:	ECONOMIC RECOVERY WAR IN UKRAINE FISCAL CONSOLIDATION INCLUSION LABOR MARKET PANDEMIC COVID-19
Online Access:	http://documents.worldbank.org/curated/en/099010007142218777/P177597091529409d09e9107f38ffc27935 http://hdl.handle.net/10986/37714

id	okr-10986-37714
recordtype	oai_dc
spelling	okr-10986-377142022-07-16T05:10:35Z EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again World Bank ECONOMIC RECOVERY WAR IN UKRAINE FISCAL CONSOLIDATION INCLUSION LABOR MARKET PANDEMIC COVID-19 The world has been hit by two destabilizing shocks in quick succession. The COVID-19 pandemic induced the sharpest peacetime recession in the European Union (EU) in 2020, reversing recent progress in rising living standards and leaving deep economic scars among the vulnerable populations. The economic recovery was robust, with most of the EU member economies recovering to pre-pandemic levels in 2021 (Figure ES1, panel a). With strong growth prospects, the resumption of income convergence was in sight. Then, in February 2022, the Russia – Ukraine war began, and the global impact of the war has been substantial. Part 1 of this report discusses the trends in inclusive growth in the EU over the past year with a focus on the following four regions: Northern Europe, Western Europe, Southern Europe and Central and Southeast Europe. Depending on data availability, it also zooms in on a set of selected countries: Romania, Bulgaria, Croatia and Poland. Part 1 of this report also discusses short-term prospects, highlighting the key risks to the outlook. 2022-07-15T21:00:57Z 2022-07-15T21:00:57Z 2021 Report http://documents.worldbank.org/curated/en/099010007142218777/P177597091529409d09e9107f38ffc27935 http://hdl.handle.net/10986/37714 English en_US EU Regular Economic Report;No.8 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC : World Bank Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Europe
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ECONOMIC RECOVERY WAR IN UKRAINE FISCAL CONSOLIDATION INCLUSION LABOR MARKET PANDEMIC COVID-19
spellingShingle	ECONOMIC RECOVERY WAR IN UKRAINE FISCAL CONSOLIDATION INCLUSION LABOR MARKET PANDEMIC COVID-19 World Bank EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again
geographic_facet	Europe
relation	EU Regular Economic Report;No.8
description	The world has been hit by two destabilizing shocks in quick succession. The COVID-19 pandemic induced the sharpest peacetime recession in the European Union (EU) in 2020, reversing recent progress in rising living standards and leaving deep economic scars among the vulnerable populations. The economic recovery was robust, with most of the EU member economies recovering to pre-pandemic levels in 2021 (Figure ES1, panel a). With strong growth prospects, the resumption of income convergence was in sight. Then, in February 2022, the Russia – Ukraine war began, and the global impact of the war has been substantial. Part 1 of this report discusses the trends in inclusive growth in the EU over the past year with a focus on the following four regions: Northern Europe, Western Europe, Southern Europe and Central and Southeast Europe. Depending on data availability, it also zooms in on a set of selected countries: Romania, Bulgaria, Croatia and Poland. Part 1 of this report also discusses short-term prospects, highlighting the key risks to the outlook.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again
title_short	EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again
title_full	EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again
title_fullStr	EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again
title_full_unstemmed	EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again
title_sort	eu regular economic report 8 : living up to potential in the wake of adverse shocks : part 1 - inclusive growth - tested again
publisher	Washington, DC : World Bank
publishDate	2022
url	http://documents.worldbank.org/curated/en/099010007142218777/P177597091529409d09e9107f38ffc27935 http://hdl.handle.net/10986/37714
_version_	1764487719723991040

EU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks : Part 1 - Inclusive Growth - Tested Again

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