Belarus, Russia and Ukraine as well as in China. For each country, it provides a forecast relating to GDP growth, inflation …

) - continues to shed labour. This implies impressive gains in labour productivity and, given the general wage restraint, in unit … 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 …

; quite an abrupt deterioration in industrial labour productivity; and real currency appreciation and a resulting strong rise …

(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 …