Europe and Central Asia Economic Update, Spring 2022 : War in the Region

In February 2022, the world was shocked by the Russian Federation’s invasion of Ukraine. The war is having a devastating impact on human life and causing economic destruction in both countries, and will lead to significant economic losses in the Europe and Central Asia (ECA) region and the rest of t...

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Main Author:	World Bank
Format:	Serial
Published:	Washington, DC: World Bank 2022
Subjects:	ECONOMIC FORECASTS WAR AND CONFLICT ECONOMIC IMPACT INEQUALITY POLICY RECOMMENDATIONS
Online Access:	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099517406012214353/idu0e3baf4c505b0104d8e08bc9054428139f5ab http://hdl.handle.net/10986/37268

id	okr-10986-37268
recordtype	oai_dc
spelling	okr-10986-372682022-07-08T15:42:23Z Europe and Central Asia Economic Update, Spring 2022 : War in the Region World Bank ECONOMIC FORECASTS WAR AND CONFLICT ECONOMIC IMPACT INEQUALITY POLICY RECOMMENDATIONS In February 2022, the world was shocked by the Russian Federation’s invasion of Ukraine. The war is having a devastating impact on human life and causing economic destruction in both countries, and will lead to significant economic losses in the Europe and Central Asia (ECA) region and the rest of the world. It comes at a particularly vulnerable time for ECA as its economic recovery was expected to be held back by scarring from the pandemic and lingering structural weaknesses. The economic impact of the conflict has reverberated through multiple channels, including commodity and financial markets, trade and migration links, and the damaging impact on confidence. Moreover, the war has added to mounting concerns about a sharp global slowdown, surging inflation and debt, and a spike in poverty levels. Neighboring ECA countries are likely to suffer considerable economic damage because of their strong trade, financial, and migration links with Russia and Ukraine. The war is also causing a destabilizing wave of refugees, financial stresses in vulnerable countries, runaway inflation expectations, and food insecurity. A protracted conflict could further heighten policy uncertainty and fragment critical trade and investment networks. 2022-04-05T21:07:12Z 2022-04-05T21:07:12Z 2022-04-10 Serial https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099517406012214353/idu0e3baf4c505b0104d8e08bc9054428139f5ab 978-1-4648-1866-0 http://hdl.handle.net/10986/37268 Europe and Central Asia Economic Update;13 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Annual Report Europe and Central Asia Central Asia Eastern Europe Europe Europe and Central Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	ECONOMIC FORECASTS WAR AND CONFLICT ECONOMIC IMPACT INEQUALITY POLICY RECOMMENDATIONS
spellingShingle	ECONOMIC FORECASTS WAR AND CONFLICT ECONOMIC IMPACT INEQUALITY POLICY RECOMMENDATIONS World Bank Europe and Central Asia Economic Update, Spring 2022 : War in the Region
geographic_facet	Europe and Central Asia Central Asia Eastern Europe Europe Europe and Central Asia
relation	Europe and Central Asia Economic Update;13
description	In February 2022, the world was shocked by the Russian Federation’s invasion of Ukraine. The war is having a devastating impact on human life and causing economic destruction in both countries, and will lead to significant economic losses in the Europe and Central Asia (ECA) region and the rest of the world. It comes at a particularly vulnerable time for ECA as its economic recovery was expected to be held back by scarring from the pandemic and lingering structural weaknesses. The economic impact of the conflict has reverberated through multiple channels, including commodity and financial markets, trade and migration links, and the damaging impact on confidence. Moreover, the war has added to mounting concerns about a sharp global slowdown, surging inflation and debt, and a spike in poverty levels. Neighboring ECA countries are likely to suffer considerable economic damage because of their strong trade, financial, and migration links with Russia and Ukraine. The war is also causing a destabilizing wave of refugees, financial stresses in vulnerable countries, runaway inflation expectations, and food insecurity. A protracted conflict could further heighten policy uncertainty and fragment critical trade and investment networks.
format	Serial
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Europe and Central Asia Economic Update, Spring 2022 : War in the Region
title_short	Europe and Central Asia Economic Update, Spring 2022 : War in the Region
title_full	Europe and Central Asia Economic Update, Spring 2022 : War in the Region
title_fullStr	Europe and Central Asia Economic Update, Spring 2022 : War in the Region
title_full_unstemmed	Europe and Central Asia Economic Update, Spring 2022 : War in the Region
title_sort	europe and central asia economic update, spring 2022 : war in the region
publisher	Washington, DC: World Bank
publishDate	2022
url	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099517406012214353/idu0e3baf4c505b0104d8e08bc9054428139f5ab http://hdl.handle.net/10986/37268
_version_	1764486839424516096

Europe and Central Asia Economic Update, Spring 2022 : War in the Region

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