Regional Economic Outlook

October 24, 2024

Regional Economic Outlook for Europe, October 2024

A Recovery Short of Europe’s Full Potential

Europe’s economy is recovering, benefiting from a strong crises’ response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts, is dampening the near-term outlook. In the longer term, perennially weak productivity growth—a result of limited scale and business dynamism–-amid new headwinds from fragmentation and climate change are holding back growth potential.
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About Us

The IMF Regional Office in Warsaw was established in February 2005, succeeding the Resident Representative office for Poland. Its primary task is to enhance the IMF's ability to carry out surveillance in Central and Eastern Europe, including with regard to financial stability, economic convergence and integration, and the jobs and growth agenda.

To this end, the Regional Office:

  • complements the work of headquarter-based mission teams by focusing on post-crisis issues across the region;
  • cooperates with regional partners within the Vienna 2 Initiative framework for safeguarding financial stability in the region;
  • monitors and analyzes economic developments from a regional perspective, identifies policy issues, and informs the IMF's staff at headquarters;
  • maintains contacts with governments, civil society and other relevant institutions (such as the European Commission and the ECB);
  • provides information to the media and other interested groups about the IMF's economic analysis and policy advice in the region.