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. 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 …
Persistent link: https://www.econbiz.de/10009492715
In its new special issue on the economies of Central, East and Southeast Europe, The Vienna Institute for International Economic Studies (wiiw) analyses the current economic situation in the region as well as development prospects for 2005 and 2006, presenting revised forecasts based on results...
Persistent link: https://www.econbiz.de/10009492721
(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 …
Persistent link: https://www.econbiz.de/10009492722
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 …
Persistent link: https://www.econbiz.de/10009649596
nowadays much sounder than in the past (Hungary being temporarily an exception). The rates of inflation are quite low and … risks, especially those connected with high or very high unemployment. Overall, prospects for growth are good in the short … growing external borrowing, possibly associated with the growing presence of foreign banks. Inflation apart, the country …
Persistent link: https://www.econbiz.de/10005695387
import growth lagged behind export growth, yielding better trade balances. The stronger economic growth reduced unemployment … the aggregate unemployment rate in the NMS declined by 1.7 p.p. in the post-accession period. However, three macroeconomic … stability indicators – inflation, current account status and fiscal balance – reveal a more differentiated and less favourable …
Persistent link: https://www.econbiz.de/10005695388
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 …
Persistent link: https://www.econbiz.de/10005695392
era of permanent stagnation with high and rising unemployment. Euro area enters recession, CESEE to follow? Given the …
Persistent link: https://www.econbiz.de/10010686219