pre-crisis levels. The most vulnerable group of workers affected by the crisis are again those with low skills. China …

in Turkey, about average in the Central European NMS and lower in the SEE countries and the Baltics. Growth is currently … crisis. In the Western Balkans, significant employment cuts have so far been mostly averted, but they might well come to the … - is suppressing consumer demand almost everywhere (except in the CIS and Turkey). Medium-term challenges The recent surge …

2011 (Turkey, the three Baltic countries and Kazakhstan), growth will also slow down. Poland, Slovakia, Ukraine and Russia … recover across the new EU member states and in the Balkans. Investment is forecast to remain steady throughout 2012-2014 in … Balkans. Even in the Baltic countries, consumption growth is expected to slow down. Threats and opportunities At present, the …

remaining EU new member states as well as the Western Balkan countries will achieve only about half of this growth. Turkey …

gradual and delayed. Inflation rose throughout 2010 as food and commodity prices soared; in general, however, it will pose no …

– also on account of electoral concerns. Accelerating inflation is another challenge. Although to date inflation has been … inflation differentials with respect to the eurozone. The fact that unemployment is expected to return rather slowly to pre …-crisis levels could, however, reduce the dangers of wage-driven inflation and induce more accommodative monetary policies. In …

countries of Central and Eastern Europe and Southeast Europe including Turkey, together with Russia, Ukraine, Kazakhstan and … China. Separate chapters present an overview of developments in the European Union's New Member States and in Southeast …

prices, China's policy makers will have to balance measures to fight inflation against the weakening economic outlook. …. Southeast Europe (SEE-7 Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Turkey) has turned into a … most pronounced in Turkey after several years of very high growth. We reckon with an improving international business …

to the EU-28 average. For some of the countries in the Western Balkans, growth prospects will only improve over the … period 2015-2016, closely related to the damage caused by the floods this summer. Turkey will continue to register remarkable …