Publication:
Living Up to Potential in the Wake of Adverse Shocks: Inclusive Growth - Tested Again (Part 1)

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-07-15T21:00:57Z
dc.date.available2022-07-15T21:00:57Z
dc.date.issued2022/07/14
dc.description.abstractThe 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/099010007142218777/P177597091529409d09e9107f38ffc27935
dc.identifier.doi10.1596/37714
dc.identifier.urihttps://hdl.handle.net/10986/37714
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC : World Bank
dc.relation.ispartofseriesEU Regular Economic Report;No.8
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC RECOVERY
dc.subjectWAR IN UKRAINE
dc.subjectFISCAL CONSOLIDATION
dc.subjectINCLUSION
dc.subjectLABOR MARKET
dc.subjectPANDEMIC
dc.subjectCOVID-19
dc.subjectEURER
dc.titleLiving Up to Potential in the Wake of Adverse Shocksen
dc.title.subtitleInclusive Growth - Tested Again (Part 1)en
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.associatedcontenthttps://www.worldbank.org/en/region/eca/publication/eurer#:~:text=The%20EU%20Regular%20Economic%20Report,countries%20(EU%2DCEE). Publication website
okr.crossref.titleEU Regular Economic Report 8 : Living Up to Potential in the Wake of Adverse Shocks
okr.date.disclosure2022-07-14
okr.date.doiregistration2025-05-07T12:03:53.509567Z
okr.date.lastmodified2022-07-14T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099010007142218777/P177597091529409d09e9107f38ffc27935
okr.guid099010107142211711
okr.guid099010007142218777
okr.identifier.externaldocumentum33868527
okr.identifier.internaldocumentum33868527
okr.identifier.report173973
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099010007142218777/pdf/P177597091529409d09e9107f38ffc27935.pdfen
okr.region.geographicalEurope
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Insecurity
okr.unitEFI-ECA-MTI-MacroFiscal-2 (EECM2)
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