The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies...

The report analyses the fiscal and macroeconomic environment in the lagging regions and the relevant Member States of the EU, as a sound and sustainable macroeconomic framework is a necessary, but by itself not a sufficient precondition for investment and growth in the regions. It starts with...

Dieser Bericht gibt einen Überblick über die wirtschaftliche Entwicklung in Rumänien in den Jahren 1997 bis 1999, stellt Zukunftsprognosen auf und bewertet die politische Stabilität, das Wirtschaftswachstum und ausländische Investitionen in Rumänien. Trotz wichtiger Wirtschaftsreformen...

This paper develops a 'structural political economy' approach to two fundamental tensions that emerged as the eurozone crisis unfolded: real exchange rate misalignments and external debt build-up. The approach builds on a classical legacy going back to Francois Quesnay, who conceptualised...