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On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
Astrov, Vasily; Çiçek, Serkan; Dobrinsky, Rumen; … - Wiener Institut für Internationale … - 2014
Summary Despite near stagnation in the euro area and the negative impact of the Ukraine crisis, in most of the NMS economies and some of the Western Balkan countries growth prospects are viewed as positive. While the NMS economies will preserve their positive growth differential vis-à-vis the...
Persistent link: https://www.econbiz.de/10011019991
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Recovery - in Low Gear across Tough Terrain
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2011
The outlook for the world economy has improved in the course of 2010 and the recovery has gained strength in the EU as well. The Central, East and Southeast European countries (CESEE) have also recovered from the crisis; the majority of them recorded positive GDP growth. On average, the recent...
Persistent link: https://www.econbiz.de/10008862167
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Recovery: Limp and Battered
Astrov, Vasily; Gligorov, Vladimir; Hanzl-Weiss, Doris; … - Wiener Institut für Internationale … - 2011
For 2011 the wiiw central scenario envisages further improvements in the economic performance of those countries that were still stagnating or contracting in 2010 (Bulgaria, Latvia, Romania, Croatia, Macedonia and Montenegro). However, in those countries that performed reasonably well in 2010...
Persistent link: https://www.econbiz.de/10009146721
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Fasting or Feasting? Europe - Old and New - at the Crossroads
Astrov, Vasily; Gligorov, Vladimir; Hanzl-Weiss, Doris; … - Wiener Institut für Internationale … - 2012
External determinants Two key factors currently affect the economic prospects of CESEE the crisis in the euro area and movements in the commodity prices. For Russia, Kazakhstan and Ukraine declining world market prices of energy carriers, steel and other basic commodities are vital. For most of...
Persistent link: https://www.econbiz.de/10010686219
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Double-dip Recession over, yet no Boom in Sight
Astrov, Vasily; Dobrinsky, Rumen; Gligorov, Vladimir; … - Wiener Institut für Internationale … - 2013
Summary The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE countries in 2013. By and large, those countries are small open economies held hostage to the excessive fiscal austerity pursued in the euro area and the sluggish progress on the...
Persistent link: https://www.econbiz.de/10010686994
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Investment to the Rescue
Astrov, Vasily; Dobrinsky, Rumen; Gligorov, Vladimir; … - Wiener Institut für Internationale … - 2014
The Vienna Institute for International Economic Studies (wiiw) expects GDP in Central, East and Southeast Europe (CESEE) to pick up speed and grow on average by 2-3% over the forecast period 2014-2016 a major driving force rooted in an upward reversal of public and private investment. The...
Persistent link: https://www.econbiz.de/10010751986
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New Divide(s) in Europe?
Astrov, Vasily; Gligorov, Vladimir; Hanzl-Weiss, Doris; … - Wiener Institut für Internationale … - 2012
employment. Furthermore, patterns of adjustment across CESEE economies vary greatly, with some countries (such as Croatia … dampens consumption expenditures, and leads to cutbacks in employment (and wages), which, in turn, lower household incomes and … markets of the CESEEs and the situation of the banking sector respectively. Towards the end of 2011 the employment situation …
Persistent link: https://www.econbiz.de/10010820235
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Animal Spirits still Dimmed: Slow Recovery Expected
Astrov, Vasily; Dobrinsky, Rumen; Gligorov, Vladimir; … - Wiener Institut für Internationale … - 2013
happening in the labour markets. Employment rates have declined in most countries while unemployment in particular among the …
Persistent link: https://www.econbiz.de/10010820236
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Crisis Is Over, but Problems Loom Ahead
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2010
pronounced as long as employment fails to grow. Investment will not act as a strong engine of growth either. Given the generally …
Persistent link: https://www.econbiz.de/10008547915
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Will Exports Prevail over Austerity?
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2010
their external competitiveness - via devaluation and/or cuts in employment. On account of their solid industries, they … crisis. In the Western Balkans, significant employment cuts have so far been mostly averted, but they might well come to the …. Furthermore, as a consequence of the crisis, persistently low employment levels might result in human capital losses. The slower …
Persistent link: https://www.econbiz.de/10008455838