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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...
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growth and unemployment. It takes the view that the main problem lies with labor market institutions, ranging from … negotiation structures to hiring and firing costs, unemployment benefits, minimum wages and taxation. It adopts the view that … continue to operate with a high rate of equilibrium unemployment …
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