The collapse of communist regimes in Central and Eastern Europe marked a historical event for the countries on both sides of the iron curtain. Using the recently released EU KLEMS database on detailed sectoral growth and employment measures, we analyse the productivity performance in the period...

Growth in the CESEE region will follow the unimpressive pattern displayed by the euro area. The longer-term convergence of income levels in the CESEE countries can no longer be expected to be as rapid as was assumed a decade or so ago. Growth in the period 2015-2017 is not going to deviate...

(Reprint from WIFO-Monatsberichte, Vol. 86, No. 5, May 2013) Zusammenfassung Wachstumsbeschleunigung dank Investitionswende in Mittel-, Ost- und Südosteuropa Das Wirtschaftswachstum wird sich in den mittel-, ost- und südosteuropäischen Ländern 2014 bis 2016 verstärken und durchschnittlich...

The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period...

Summary Continued weak external demand and uncertain recovery of investments will allow for only modest growth prospects for the countries of Central, East and Southeast Europe (CESEE) this year. Slovenia, Croatia and the Czech Republic will remain in recession. Russia, Ukraine and the Baltic...

This paper looks at the experience of South East Europe which – for the purposes of this paper – includes the former states of Yugoslavia except for Slovenia (i.e. Croatia, Serbia-Montenegro, Bosnia-Herzegovina, and Macedonia), Albania, and the two EU candidate countries, Bulgaria and...

(Reprint from WIFO-Monatsberichte, Vol. 87, No. 5, May 2014) Zusammenfassung Wachstumsbeschleunigung dank Investitionswende in Mittel-, Ost- und Südosteuropa Das Wirtschaftswachstum wird sich in den mittel-, ost- und südosteuropäischen Ländern 2014 bis 2016 verstärken und durchschnittlich...

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...

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...