Past Event

Promoting Shared Prosperity during a weak recovery in Central- and Eastern Europe

Economic growth across the 11 ‘new’ European Union Member States that joined between 2004 and 2013 is expected to pick-up and to become more balanced, but the recovery is still expected to be protracted, with growth not reaching pre-crisis rates in many countries for quite some time, according to the recent World Bank’s Regular Economic […]

Date: Dec 17 - Topic:

Economic growth across the 11 ‘new’ European Union Member States that joined between 2004 and 2013 is expected to pick-up and to become more balanced, but the recovery is still expected to be protracted, with growth not reaching pre-crisis rates in many countries for quite some time, according to the recent World Bank’s Regular Economic Report. The special focus of this Report looks at the importance of the Bank’s recently adopted twin goals: to reduce extreme poverty and to promote shared prosperity based on bolstering the incomes of the bottom forty percent of the population. The report will also look at population characteristics of the bottom forty percent, and how those relate to the EU’s own 2020 target on inclusive growth. The challenge going forward, is how to promote shared prosperity in what may be a prolonged period of weak growth. Countries therefore need to find ways to accelerate their rates of economic growth and ensure that growth continues to be inclusive, in an environment in which fiscal constraints are more binding and household coping mechanisms have been weakened by the crisis. Achieving such inclusive and sustainable growth requires conscious policies that encourage broad participation in the growth process.

Copies of the Regular Economic Report, which is a biannual publication of the World Bank providing an analysis of economic developments, prospects and critical structural issues across the 11 New Member States of Central- and Eastern Europe, will be made available to all participants at the presentation.

Speakers

  • Mamta Murthi, World Bank Country Director Central Europe and the Baltics
  • Kenneth Simler, World Bank Senior Economist Europe and Central Asia Region
  • Discussant: Anna Iara, Economist, European Commission, DG TAXUD
  • Chair: Zsolt Darvas, Senior Fellow at Bruegel

Event materials

WB EU11 Regular Economic Report, Presentation by Anna Iara

Practical information

  • Venue: Bruegel, Rue de la Charité 33, 1210 Brussels
  • Time: Tuesday 17 December 2013, 12:45 – 14:30 (lunch will be served at 12.45 before the event begins at 13:00)
  • Contact:Matilda Sevón, Events Coordinator – matilda.sevon[at]bruegel.org