The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of a current accounts crisis. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the 2010-11 recovery...

The outlook for the world economy improved in the course of 2010 and the recovery has now gained strength in the EU as well. The Central, East and Southeast European (CESEE) countries have also recovered from the crisis; most of them recorded GDP growth rates. On average, their exports have been...

Despite an economic slack in the EU 15 and, in many cases, the revaluated currencies, CEE countries achieved a sturdy growth again in 2005. This was primarily due to increased exports in the new EU member states and, throughout the remainder of CEE, as a result of booming consumption. The...

The economic performance of the CEECs in 2003 was dominated by a clear convergence pattern: On the one hand, growth in the "new" EU countries of Central and Eastern Europe has accelerated, which greatly helped converge their per capita incomes towards those of the EU 15. In all these countries,...

The current global financial and economic crisis has been spilling over to the Central and Eastern European coun-tries (CEECs). After several years of economic prosperity in most of these countries, activities of the real economy have slowed down. The crisis has reached the region on two tracks....

The economic recovery in the EU 15 in 2006 resulted in an acceleration of growth in Central and Eastern European countries (CEECs), particularly in the new EU member states of Central Europe. Helped by the recent massive inflows of FDI, these countries have become serious competitors on the...

Economic growth in Central and East European countries (CEECs) in 2007 was driven primarily by the strong domestic demand, especially for consumer goods. The latter resulted from both higher incomes (particularly in Central Europe's new EU countries) and expanding household credit (elsewhere),...

In 2004, nearly all countries of Central and Eastern Europe (CEE) recorded an acceleration of economic growth and once again outperformed in this respect the EU 15. However, the reasons for this have been different across individual countries. In the new EU member states domestic demand has...

On the whole, 2012 was a disappointing year for the economies of Central, East and Southeast Europe (CESEE), confirming fears of a double-dip recession in the euro area adversely impacting large parts of the CESEE region. This rather poor performance stands in sharp contrast to the better...

In 1997, the five more advanced CEECs – the Czech Republic, Hungary, Poland, Slovakia, Slovenia – performed, on average, as well as in 1996. Hungary overcame the effects of its 1995 stabilization policy, recording quite high export-driven growth. The Czech Republic, until recently a paragon...