Updated wiiw forecasts for 2004 and 2005 (by Peter Havlik and Leon Podkaminer) Bulgaria economy keeps growing fuelled by credit expansion (by Anton Mihailov) Countries covered Bulgaria Romania booming, but cumbersome years ahead until EU accession (by Gábor Hunya) Countries covered Romania...

Summary Despite near stagnation in the euro area and the negative impact of the Ukraine crisis, in most of the NMS economies and some of the Western Balkan countries growth prospects are viewed as positive. While the NMS economies will preserve their positive growth differential vis-à-vis the...

Growth in the CESEE region will follow the unimpressive pattern displayed by the euro area. The longer-term convergence of income levels in the CESEE countries can no longer be expected to be as rapid as was assumed a decade or so ago. Growth in the period 2015-2017 is not going to deviate...

The outlook for the world economy has improved in the course of 2010 and the recovery has gained strength in the EU as well. The Central, East and Southeast European countries (CESEE) have also recovered from the crisis; the majority of them recorded positive GDP growth. On average, the recent...

For 2011 the wiiw central scenario envisages further improvements in the economic performance of those countries that were still stagnating or contracting in 2010 (Bulgaria, Latvia, Romania, Croatia, Macedonia and Montenegro). However, in those countries that performed reasonably well in 2010...

External determinants Two key factors currently affect the economic prospects of CESEE the crisis in the euro area and movements in the commodity prices. For Russia, Kazakhstan and Ukraine declining world market prices of energy carriers, steel and other basic commodities are vital. For most of...

Summary The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE countries in 2013. By and large, those countries are small open economies held hostage to the excessive fiscal austerity pursued in the euro area and the sluggish progress on the...

Bulgaria from campaign rhetoric to post-election realpolitik (by A. Mihailov; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Austria, Bulgaria Topics Macroeconomic Analysis, Forecasts and Policy Czech Republic bottoming out likely (by L. Podkaminer; pp. 4-7)...

Domestic absorption, real exchange rate and trade balances in the Czech Republic, Hungary, Poland, Slovakia and Slovenia (by Leon Podkaminer) Countries covered Czech Republic, Hungary, Poland, Slovakia, Slovenia Foreign direct investment in the Central European new EU members (by Gábor Hunya)...

Bulgaria steady growth (by Anton Mihailov) Countries covered Bulgaria Croatia trade deficit high again (by Hermine Vidovic) Countries covered Croatia Czech Republic after the flood (by Josef Pöschl) Countries covered Czech Republic Hungary growth driven by domestic demand (by Sandor Richter)...