Episode 30 The Jobs Reinvention in Europe and Central Asia

By 2050, Europe and Central Asia will lose 17 million workers from its workforce — yet productivity growth has been stalled since 2008. This episode unpacks the demographic cliff threatening the region's prosperity and asks: how do you grow an economy when your labor force is shrinking? We explore why young SMEs generate nearly 40% of new jobs despite employing only 14% of workers, how an overqualification paradox leaves half the workforce underutilized, and why closing the AI gap is no longer optional. From reforming State-Owned Enterprises to mobilizing private capital, the roadmap for sustainable growth is clear — if policymakers act now. Generated with AI using wondercraft.ai and guided by our experts. Read more at https://www.worldbank.org/en/region/eca/publication/europe-and-central-asia-economic-update