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 …

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 …

competitiveness. Furthermore, their weak industrial sectors remain an obstacle to export-led growth. Unemployment still on the rise … Most CESEE countries have been recently shedding labour and unemployment is on the rise - a belated consequence of the … policy rests supports deflationary/stagnation tendencies in low-inflation/low-growth countries and bolsters booms/inflation …

weak rebound of economic activities, unemployment will continue to rise, probably peaking in 2010, before falling slowly to …

down from about 6% in 2007 to some 5% per year over the period 2008 2010. Inflation will gradually decline, yet in most NMS … labour market has improved dramatically, unemployment has declined rapidly. The economic growth is no longer 'jobless'. On …