Serial

Europe and Central Asia Economic Update, November 2016 : Polarization and Populism

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collection.link.286
https://openknowledge.worldbank.org/handle/10986/22789
collection.name.286
Europe and Central Asia Economic Update
dc.contributor.author
World Bank
dc.date.accessioned
2016-11-16T15:43:57Z
dc.date.available
2016-11-16T15:43:57Z
dc.date.issued
2016-11-22
dc.description.abstract
These are tough times for Europe and Central Asia. The Brexit vote and the refugee crisis are testing the European Union’s internal cohesion. Continued vulnerabilities in European banking sectors are curbing the economic recovery. Russia, Eastern Europe, Central Asia, and the Caucuses are still grappling with the consequences of low oil prices, increasingly compounded by low prices of other commodities. In Turkey, social and political tensions have increased in the aftermath of the coup attempt. Moreover, geopolitical frictions in the region further complicate the challenges. These turbulent economic times coincide with political polarization and rising populism. This likely reflects anxiety about unequal opportunities and decreasing job security, while low secular growth causes more pessimism about prospects. Coping with the structural challenges outlined above and limiting the rise in populism will require policies that support adjustment to these new economic realities while minimizing the pain that such adjustments can cause.
en
dc.identifier.isbn
978-1-4648-1009-1
dc.identifier.uri
http://hdl.handle.net/10986/25341
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
EUROPEAN UNION
dc.subject
CENTRAL ASIA
dc.subject
ECONOMIC FORECASTS
dc.subject
DIVERGENCE
dc.subject
POPULISM
dc.subject
POLARIZATION
dc.subject
INEQUALITY
dc.subject
LOW SECULAR GROWTH
dc.subject
LABOR MARKET
dc.subject
SOCIAL PROTECTION
dc.title
Europe and Central Asia Economic Update, November 2016
en
dc.title.subtitle
Polarization and Populism
en
dc.type
Serial
en
okr.date.disclosure
2016-11-22
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1009-1
okr.identifier.internaldocumentum
211009
okr.imported
true
okr.language.supported
en
okr.region.administrative
Europe and Central Asia
okr.region.geographical
Central Asia
okr.region.geographical
Eastern Europe
okr.region.geographical
Europe and Central Asia
okr.topic
International Economics and Trade :: Export Competitiveness
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Poverty Reduction :: Poverty Monitoring & Analysis
okr.unit
ECACE

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