US tariffs, Chinese competition & limited fiscal space keep EBRD economies 'under pressure'

The European Bank for Reconstruction and Development (EBRD) has highlighted significant economic challenges in its latest growth projections, primarily due to US tariffs and increasing competition from China. These factors are putting pressure on economies in the regions where the EBRD operates, particularly affecting Ukraine's wartime economy and countries in sub-Saharan Africa facing fiscal difficulties. This situation is crucial as it could hinder recovery and growth in these areas, impacting millions of lives and the global economy.