Office of the Chief Economist, Europe and Central Asia

July 28, 2016

The Chief Economist’s Office of the Europe and Central Asia region is committed to pushing beyond established frontiers of development knowledge to bring policy relevant strategies to client countries to support broad-based growth, jobs, and poverty reduction. We provide ongoing support to our clients though in-country consultations, on-demand technical analysis, in-depth topical flagship reports, and regional economic updates.


Global warming set to cost the world economy £1.5 trillion by 2030 as it becomes too hot to work

July 19, 2016

‘If you are physically active in work, the hotter it is, the slower you work’ Global warming will cost the world economy more than £1.5 trillion a year in lost productivity by 2030 as it becomes too hot to work in many jobs, according to a major new report. In just 14 years’ time in India, where some jobs are already shared by two people to allow regular breaks from…


Britons bracing for world economy to punish UK

June 27, 2016

The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they will find out whether it will. U.K. financial leaders are scrambling to reassure households, businesses and investors that they can contain the doom and gloom they had predicted in case of a British exit, or Brexit. The pound plunged to its lowest level in over 30 years on Friday,…


Greece will NEVER repay its debt: Finance analysts hit out at Euro bailout that WON’T work

June 16, 2016

FEARS were growing today Greece was heading for full economic meltdown as it struggles to repay an eye-watering international bailout. Analyst firm the Eurasia Group has predicted the country will face a severe financial upheaval in the coming year. Greece, which has been on the cusp of bankruptcy, is still struggling, and largely failing, to repay stinging loans from the IMF. Last year Greece looked likely to leave the EU…


Bond yields in UK and Germany fall to record low

June 9, 2016

The return on benchmark UK government bonds has fallen to a record low as investors move in to safer assets on concerns about the global economy. The yield on the UK’s 10-year gilt dropped below 1.25% for the first time. The yield on the German equivalent also sank to a record low. More buyers cause bond values to rise and yields to fall, hitting annuity rates, pension fund income, and…