"With slowing global growth and increasing uncertainty clouding the global economic prospects,
the Europe and Central Asia region faces a more challenging context than previously envisioned.
Growth in the emerging markets and developing economies in the region slowed in 2018 and is
projected to decline to further in 2019, before picking up in 2020-21. What challenges does the
region face in the coming year? In the long run, how should policy makers design policies that
boost growth and help individuals and firms adjust to the interplay between globalization and
technological change? Within the global context, this update summarizes the recent developments
and outlook for the region. The focus of this issue is on financial inclusion in the region, as one of
the important policy areas that can promote long-term growth, reduce poverty, and enhance
resilience to shocks."