A slowdown or reversal of ongoing structural reforms remains in Armenia, Azerbaijan, Belarus, Ukraine and Turkey
Mounting tension around Syria and Ukraine may trigger new sanctions and undermine confidence in the region, the World Bank said in a report released on Tuesday.
The World Bank’s January 2019 World Economic Outlook is titled "Global Economic Prospects. Darkening Skies."
"Increases in policy uncertainty could undermine confidence in the region and impact growth. A slowdown or reversal of ongoing structural reforms remains a risk in many countries in the region, especially in Armenia, Azerbaijan, Belarus, Ukraine and Turkey. Tension concerning Syria or Ukraine could trigger new sanctions," the World Bank wrote about the risks for the development of economies in Europe and Central Asia.
"The most important downside risk is the possibility that the recent financial stress in Turkey worsens and triggers widespread bank failures," according to the report.
Trump targets India and Turkey in trade crackdown201605.03.2019, 11:55
Troika laundromat revelations make the case for tougher supervision of europe’s banking sector150404.03.2019, 21:15
Iran ready to export more gas to Armenia: Rouhani248627.02.2019, 16:20
Nikol Pashinyan: "Yerevan is ready to play a role in transit of Iranian gas"238527.02.2019, 15:45
Armenian PM: EAEU-Iran free trade agreement to open up new prospects242227.02.2019, 15:20
Nikol Pashinyan: "There are 300 billion drams in Armenia that don’t belong to anyone"190315.02.2019, 11:30