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)...

Bulgaria muddling through (by A. Mihailov; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Bulgaria Topics Macroeconomic Analysis and Policy Czech Republic changing structure of growth (by L. Podkaminer; pp. 4-7) Keywords economic forecasts, GDP growth, inflation...

Bulgaria recovery is losing steam (by Anton Mihailov; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Bulgaria Topics Macroeconomic Analysis and Policy Czech Republic untimely austerity, uncertain exports (by Leon Podkaminer; pp. 4-6) Keywords economic forecasts,...

Bulgaria can the boom hold on, and for how long? (by A. Mihailov, pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Bulgaria Topics Macroeconomic Analysis, Forecasts and Policy The Czech Republic weak domestic demand, resilient exports, sound banking (by L....