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...

The Vienna Institute for International Economic Studies (wiiw) expects GDP in Central, East and Southeast Europe (CESEE) to pick up speed and grow on average by 2-3% over the forecast period 2014-2016 a major driving force rooted in an upward reversal of public and private investment. The...

The Vienna Institute for International Economic Studies (wiiw) expects GDP in Central, East and Southeast Europe (CESEE) to pick up speed and grow on average by 2-3% over the forecast period 2014-2016 a major driving force rooted in an upward reversal of public and private investment. The...

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,...

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 negative economic sentiment prevails (by Rumen Dobrinsky) Croatia no upturn yet (by Hermine Vidovic) Czech Republic heading for a change (by Leon Podkaminer) Estonia consumers keep growth alive (by Sebastian Leitner) Hungary the well-known pre-election tunes are played again (by Sándor...

Bulgaria economic sluggishness expected to drag on (by Rumen Dobrinsky; pp. 1-3) Keywords economic forecasts, GDP growth, inflation Countries covered Bulgaria Topics Macroeconomic Analysis and Policy Czech Republic deepening recession(by Leon Podkaminer; pp. 4-6) Keywords economic forecasts, GDP...

The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period...

Summary Continued weak external demand and uncertain recovery of investments will allow for only modest growth prospects for the countries of Central, East and Southeast Europe (CESEE) this year. Slovenia, Croatia and the Czech Republic will remain in recession. Russia, Ukraine and the Baltic...