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ASTANA – In 2023, economic growth in Europe and Central Asia surged to 2.7% compared to 1.2% recorded in 2022, marking a rebound attributed to the expansion of domestic demand, stable market conditions in the labor market, and the resumption of growth in the Russian Federation and Ukraine, according to the World Bank’s Global Economic Prospects report for January.
Photo credit: GEP 24a Front Cover
The report projects economic activity in Europe and Central Asia to slow down to 2.4% this year, followed by an upward trend to 2.7% in…
