"Europe and Central Asia continues to be negatively impacted by the Russian Federation’s invasion of Ukraine, tighter global financial conditions, persistent inflation, and global economic fragmentation. Economic growth in the region is projected to remain weak relative to the long-term trend, delaying the convergence of living standards to those of high-income countries."

This report was prepared by World Bank in English language. Click here to access its full version.

Source: World Bank

Illustration: Lauren Kaley Johnson