IMF European Department Press Briefing - IMF Media Center

At the regional Economic Outlook for Europe Press Briefing today, October 16, at the Annual meeting in Bangkok, Thailand, Mateusz Szczurek, Director, European Dept., IMF, said that Europe had suffered less than expected due to the wars in Ukraine and the Middle East. “The European economy continues to be affected by the continuing war on Ukraine and the prolonged war in the Middle East. We would like to report that Europe has weathered the initial impact of the latter far better than feared. One factor behind this is progress towards the energy transition with the adoption of renewable energy reducing reliance on imported fossil fuels. That's one of the successes of European policies.