This report focuses on the impact of the war in Ukraine on the energy sector in 2022 and early 2023 and Its implications at the macro and micro level in the EU. The EU is a net importer of energy and is...
Following a strong recovery after the onset of the COVID-19 pandemic, growth in the European Union (EU) is expected to sharply decelerate in 2023 as high inflation and increasingly tight monetary policy...
The period of the COVID-19 pandemic will be marked and remembered. It will certainly be known for the ongoing health crisis that has reverberated across the world, leading to significant social impacts...
This report is the second edition in series of economic updates designed to monitor and assess recent developments in Georgia. It presents a concise overview of macroeconomic, political and structural...
This regular economic report records the economic activities of Azerbaijan for the year 2013-2014. Economic growth continued to be powered by spending of previously accumulated oil-related proceeds, although...
Economic growth picked up in the final quarter of 2013 as policy uncertainty was reduced, confidence strengthened, and budget execution substantially increased. Surge in spending in the last quarter of...
The World Bank Research Observer is intended for anyone who has a professional interest in development. Observer articles are written to be accessible to nonspecialist readers; contributors examine key...
An orderly sovereign debt restructuring should place the debtor nation’s public debt on a sustainable trajectory while minimizing procrastination and contagion. However, the experiences with the debt crisis...
This economic report records the economic activities of Azerbaijan for the year 2013. Economic growth picked up in the first half of 2013 on the back of higher public investment and moderation in the decline...
Following the cessation of hostilities in May 2009, the Government of Sri Lanka has announced a suitably ambitious macroeconomic vision to capitalize on the peace dividend. Its goals include growing at...
This paper takes a hard look at the experience with official intervention in sovereign debt crises, focusing on debt crises of the 1980s, Russia in 1998, Argentina in 2001, and Greece in 2010. Based on...