This third issue of the ERM quarterly includes: current macroeconomic trends from the World Economic Outlook, published in September 2006 by the International Monetary Fund (IMF); the overall ERM statistics for the third quarter 2006; offshoring from eastern Europe during the last two years, in...

After the output falls between the second quarters of 2008 and 2009, the EU economy is again very close to recession. Real GDP has contracted in two of the last three quarters: quarter-on-quarter, real GDP growth was -0.3% in the fourth quarter of 2011, 0% in the first quarter of 2012 and is...