EBRD chief economist analyzes European energy shock and regional growth
EBRD Chief Economist Beata Javorcik discusses how the Middle East conflict's energy shock impacted Europe more than the US, highlights Eastern Europe's demographic trends, and forecasts 3.1% regional growth by 2026.
Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development (EBRD), recently presented an analysis of the region's economic landscape. She noted that the energy shock linked to the Middle East conflict has disproportionately affected Europe more severely than the United States. Javorcik also observed a demographic challenge in Eastern European countries, stating they "aged before getting rich." The EBRD, founded in 1991 to aid former Soviet bloc nations and now including parts of Central Asia, published its latest economic forecasts on June 3. These projections indicate an expected 3.1% growth across the entire region by 2026.
Sources: Le Monde