EBRD's Javorcik on Europe's Energy Crunch

The video discusses the economic impact of the Nord Stream sabotage and potential gas supply cuts from Russia on Europe, particularly emerging Europe. It highlights the challenges of heating homes, inflation risks, and the impact on industries. The European Bank for Reconstruction and Development is providing support to Ukraine and other affected countries. Inflation may rise further, and fiscal space is constrained due to increased borrowing costs.

What is the expected impact on GDP growth in emerging Europe if gas supplies from Russia are cut off?

• GDP growth would remain unchanged.

• GDP growth would increase by 1.3 percentage points.

• GDP growth would decrease by 1.3 percentage points.

• GDP growth would decrease by 2.5 percentage points.

Which energy source plays a larger role in electricity production in emerging Europe, reducing the risk of blackouts?

• Nuclear energy

• Hydroelectric power

• Natural gas

• Coal

What is the European Bank for Reconstruction and Development's focus in response to the energy crisis?

• Reducing coal dependency

• Investing in renewable energy projects

• Providing emergency gas purchases for Ukraine

• Building new gas pipelines

In which region is inflation above 20% due to electricity costs being passed on to consumers?

• Western Europe

• Central Europe

• The Baltic states

• Southern Europe

What is a major concern for emerging Europe regarding international markets?

• Increasing cost of borrowing

• Decreasing demand for exports

• Lack of investment in infrastructure

• Rising unemployment rates