Macedonia), as well as in Belarus and Ukraine (Russia's GDP grew by 7% again). The transition economies have thus been one of … 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 …

, the Slovak Republic, Slovenia, Serbia and Montenegro, Romania, Russia, Turkey, Ukraine, and China). A short analysis of …, the robust growth in Russia may be a thing of the past. Already in 2004 investment growth was disappointing, reflecting …

(except in Hungary). Inflation slowed down to very low levels and is no longer a serious problem. Hungary and Slovakia will … Serbia, which has seen accelerating inflation, and Romania, where disinflation has been interrupted. The downside to that is … still facing policy challenges and that adds to the volatility rather than sustainability of its growth prospects. Russia …

. 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 … accession may be postponed yet again; it is unclear what course future EU Russia relations will take. In Ukraine the slowdown in …

gas money as well as power consolidation at home, Russia's self confidence will grow further. In Ukraine, GDP growth … nowadays much sounder than in the past (Hungary being temporarily an exception). The rates of inflation are quite low and … growing external borrowing, possibly associated with the growing presence of foreign banks. Inflation apart, the country …

stability indicators – inflation, current account status and fiscal balance – reveal a more differentiated and less favourable … Slovakia does very high growth seem to be sustainable at least over the next two years. Inflation will remain relatively low … faster and macroeconomic stability should be sustained in the medium run. Russia's economic growth accelerated in 2007 …

Russia in the global financial storm (by P. Havlik, pp. 1-4) Keywords economic forecasts, GDP growth, inflation … Countries covered Russia Topics Macroeconomic Analysis, Forecasts and Policy Ukraine 'hard landing' in sight (by V. Astrov, pp …. 5-7) Keywords economic forecasts, GDP growth, inflation Countries covered Ukraine Topics Macroeconomic Analysis …