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The Latest Breaking News from Beata Javorcik

New EBRD report revises growth forecast downwards for 2024

The European Bank for Reconstruction and Development issued an updated report this Thursday on growth prospects in all the regions where it operates. Its Chief Economist Beata Javorcik spoke to FRANCE 24 specifically about the challenges facing the economies of conflict-hit countries like Lebanon, Ukraine and Russia.

France 24

Oil price drops, and BP and Shell shares slide, as Saudi Arabia ‘prepares to abandon $100 crude target’ – as it happened

Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output

The Guardian - UK

Russia-Ukraine war: Blinken announces $2bn in aid as Russia claims to have taken more settlements – as it happened

US secretary of state says ammunition, armoured vehicles and missiles will be rushed to frontline as Moscow says it has captured more territory

The Guardian - UK

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Intensifying war increasing threat to Ukraine economy, EBRD warns

European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’

The Guardian - UK

As Ukraine’s economy burns, Russia clings to a semblance of prosperity

Kyiv could require $500bn to get the country back on its feet. But Moscow has so little debt that even sanctions have not done much damage … yet

The Guardian - UK

The EBRD's chief economist wants business leaders to push back against 'the dangers of economic fragmentation'

In 2015, just 5% of critical raw materials were subject to trade restrictions. It's 30% now.

Fortune

New EBRD report shows contrasting fates of former Eastern bloc economies

The European Bank for Reconstruction and Development (EBRD), founded to help build up market economies in the wake of the fall of the Soviet Union, has issued a new growth forecast for the region. It predicts that Ukraine will see its GDP increase by 3 percent in 2024. Speaking to…

France 24

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One year of war: The economic impact of Russia's invasion of Ukraine

On February 24, 2022, Russian troops invaded Ukraine. Despite some predictions of a short conflict, the violence has dragged on for a year. Hundreds of thousands of people have been killed or wounded – both civilians and soldiers – and millions have been displaced, while many Ukrainian cities and their…

France 24

Has Russia's economy withstood Western sanctions?

Vladimir Putin claims the Russian economy has withstood Western sanctions, as he prepares to mark one year since the invasion of Ukraine. While Russia's GDP has contracted less than many analysts expected, Beata Javorcik of the EBRD explains that's largely the result of years of "sanctions-proofing", and doesn't mean that…

France 24

Davos 2023: How is funding for Ukraine being spent?

The international community has contributed billions of dollars to the war effort in Ukraine. But where is that money going? And can the country look ahead to reconstruction? Business Editor Kate Moody speaks to Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development, on the sidelines of…

France 24

Ukraine urges world leaders to intensify war efforts on first day at Davos

At World Economic Forum, country’s officials ask allies to step up military supplies to defeat Russia

The Guardian - UK

Davos 2023: Russian bombing puts Kyiv's utilities under critical strain -Klitschko

Kyiv's infrastructure could collapse at any second as Russia's sporadic missile attacks along with freezing winter temperatures put local authorities under increasing strain, the Ukrainian capital's mayor said on Monday.

Reuters

UK market mayhem sparks 'unprecedented' bond-buying from Bank of England

The Bank of England has launched a £65 billion emergency bond-buying programme, in an effort to calm the markets and avert a financial crisis. The "unprecedented" support comes amid mounting criticism of the government's plan to slash taxes. Also in the show: Beata Javorcik, Chief Economist at the European Bank…

France 24

'Friend-Shoring' Might Be Bad for Global Growth and Inflation

As geopolitical tensions rise, Western governments have urged international companies to shift more business to friendly countries. Some critics think that could split the global economy into hostile camps, hurting growth and worsening inflation.

Bangkok Post

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AFP

EBRD bank sees worse Ukraine economic downturn in 2022

London (AFP) - The Ukrainian economy is set to contract by almost one third this year in the wake of Russia's invasion, the European development bank said Tuesday.

Asharq Al-Awsat

EBRD: Ukraine War Sparking Turmoil for World Economy

The Ukraine war has major economic consequences for energy, food, inflation and poverty, according to the European Bank for Reconstruction and Development. The EBRD's chief economist, Beata Javorcik, spoke to AFP about the fallout from Russia's invasion of Ukraine, from where more than three million refugees have fled so far.…

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