World Bank Warns of Economic Downturn in Eurasia

Economic activity across the South Caucasus and Central Asia is projected to stagnate over the next two years, as uncertainty envelops global markets, according to World Bank experts. The bank’s latest Europe and Central Asia Economic Update identifies the most serious challenges facing policymakers in the regions as weaker-than-expected trade, unpredictable policy shifts and decreasing prices for commodities. The report also cautions that inflationary pressure may continue to arise from rising food costs, tight labor markets and “potential…