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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
en_US
dc.date.accessioned
2016-11-16T15:43:57Z
en_US
dc.date.available
2016-11-16T15:43:57Z
en_US
dc.date.issued
2016-11-22
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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_US
dc.identifier.isbn
978-1-4648-1009-1
en_US
dc.identifier.uri
http://hdl.handle.net/10986/25341
en_US
dc.language
English
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dc.language.iso
en_US
en_US
dc.publisher
Washington, DC: World Bank
en_US
dc.rights
CC BY 3.0 IGO
en_US
dc.rights.holder
World Bank
en_US
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
en_US
dc.subject
EUROPEAN UNION
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dc.subject
CENTRAL ASIA
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dc.subject
ECONOMIC FORECASTS
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dc.subject
DIVERGENCE
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dc.subject
POPULISM
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dc.subject
POLARIZATION
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dc.subject
INEQUALITY
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dc.subject
LOW SECULAR GROWTH
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dc.subject
LABOR MARKET
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dc.subject
SOCIAL PROTECTION
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dc.title
Europe and Central Asia Economic Update, November 2016
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dc.title.subtitle
Polarization and Populism
en_US
dc.type
Serial
en_US
okr.date.disclosure
2016-11-22
en_US
okr.doctype
Publications & Research
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okr.doctype
Publications & Research :: Publication
en_US
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1009-1
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okr.identifier.internaldocumentum
211009
en_US
okr.imported
true
en_US
okr.region.administrative
Europe and Central Asia
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okr.region.geographical
Central Asia
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okr.region.geographical
Eastern Europe
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okr.region.geographical
Europe and Central Asia
en_US
okr.topic
International Economics and Trade :: Export Competitiveness
en_US
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
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okr.topic
Macroeconomics and Economic Growth :: Economic Growth
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okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
en_US
okr.topic
Poverty Reduction :: Achieving Shared Growth
en_US
okr.topic
Poverty Reduction :: Poverty Monitoring & Analysis
en_US
okr.unit
ECACE
en_US

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