World Bank Tokyo Online Morning Seminar #200 “Europe and Central Asia Economic Update, Fall 2024 – Better Education for Stronger Growth”

• OVERVIEW
• AGENDA
• SPEAKERS

Economic growth in the developing economies of the Europe and Central Asia region is stabilizing after a series of crises but at levels well below the early-2000s, says the World Bank's Economic Update for the region, on October 17, 2024.

Regional growth is expected to moderate to 3.3% this year from 3.5% in 2023, slowing further to 2.6% in 2025. This is significantly weaker than the 5.1% average growth of 2000-09 and below what is needed for the region's middle-income countries to achieve their aspiration of attaining high-income status within a generation or two. Lower inflation is prompting some central banks to start cutting policy rates this year. Policy caution prevails, however, amid concerns about persistent price pressure.

The report calls for a major overhaul of education systems across the region, particularly higher education, to unlock the human talent needed to reinvigorate economic growth and boost convergence with high-income countries.

At this online seminar, Ivan Torre, Senior Economist, Office of the Chief Economist for Europe and Central Asia, and Sergiy Kasyanenko, Economist, Office of the Chief Economist for Europe and Central Asia, World Bank, will present the main points of the report. This online seminar will be held in English without interpretation into Japanese.

Speaker:

Ivan Torre
Senior Economist, Office of the Chief Economist for Europe and Central Asia, World Bank

Sergiy Kasyanenko
Economist, Office of the Chief Economist for Europe and Central Asia, World Bank

Questions to the speaker:

Please send your questions to the speaker by online form posted on this webpage.

Presentation Material

Better Education for Stronger Growth - Europe and Central Asia Economic Update Fall 2024 (PDF)

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