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Europe and Central Asia could gain two million jobs through productivity reforms

A bold economic shift could unlock millions of jobs across two continents. Will policymakers seize the chance to reshape trade and productivity?

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Europe and Central Asia could gain two million jobs through productivity reforms

A new push in trade, investment, digitalisation, efficiency, and skills could help countries rebuild economic momentum. The World Bank suggests that stronger productivity in Europe and Central Asia might create nearly two million jobs. Current trade levels remain far below potential, leaving room for deeper global integration.

Productivity growth depends on fair competition, access to technology, and a skilled workforce. Governments must ensure transparent procurement and open markets to support this. The restructuring of multinational supply chains also presents a chance for countries to benefit from nearshoring trends.

Improving productivity could reshape economic futures in Europe and Central Asia. Nearly two million new jobs might emerge if firms become more efficient. The focus now turns to policy reforms that unlock trade, investment, and innovation potential.

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