climate and expect the SEE-7 to return to higher growth by the year 2010. Inflation has calmed down, but it is still a matter … current account has widened. Unemployment is high, a fact that will not change substantially during the next few years …. Inflation calms down The whole region was hit by the external price shock that swiftly resulted in a rapid surge in domestic …

. Macroeconomic stability will be maintained, though inflation is picking up; and is a serious problem in Serbia and Romania …. Inflation is a major concern in Turkey, as is macroeconomic stability more fundamentally. At the end of 2006 it should be …, inflation is expected to remain in double digits. The new government is likely to be less inclined to implement liberal reforms …

(except in Hungary). Inflation slowed down to very low levels and is no longer a serious problem. Hungary and Slovakia will … unemployment rates have stabilized. Exports of goods and services grew strongly throughout the region, while imports expanded even … Serbia, which has seen accelerating inflation, and Romania, where disinflation has been interrupted. The downside to that is …

average rate of unemployment in the NMS is nearly twice as high as in the EU-15 (mainly on account of Poland and Slovakia); in … to EU accession and rising energy prices), inflation resumed its downward trend, reaching low single digits in most NMS … (except Slovakia) and in the remaining transition countries as well (except Romania, Serbia and Ukraine). Russian inflation …

growth, inflation Countries covered Austria, Bulgaria Topics Macroeconomic Analysis, Forecasts and Policy Czech Republic … bottoming out likely (by L. Podkaminer; pp. 4-7) Keywords economic forecasts, GDP growth, inflation Countries covered Czech … S. Richter; pp. 8-10) Keywords economic forecasts, GDP growth, inflation Countries covered Hungary Topics Macroeconomic …

Bulgaria muddling through (by A. Mihailov; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries …-7) Keywords economic forecasts, GDP growth, inflation Countries covered Czech Republic Topics Macroeconomic Analysis and Policy … Hungary slow recovery based on external demand (by S. Richter; pp. 8-11) Keywords economic forecasts, GDP growth, inflation …

Bulgaria recovery is losing steam (by Anton Mihailov; pp. 1-3) Keywords economic forecasts, GDP growth, inflation … Leon Podkaminer; pp. 4-6) Keywords economic forecasts, GDP growth, inflation Countries covered Czech Republic Topics … growth, inflation Countries covered Hungary Topics Macroeconomic Analysis and Policy Poland so far so good (by Leon …

, inflation Countries covered Bulgaria Topics Macroeconomic Analysis, Forecasts and Policy The Czech Republic weak domestic demand …, resilient exports, sound banking (by L. Podkaminer, pp. 4-7) Keywords economic forecasts, GDP growth, inflation Countries … 10) Keywords economic forecasts, GDP growth, inflation Countries covered Hungary Topics Macroeconomic Analysis, Forecasts …