join the EU as well as fi rst months of EU membership have rather a positive infl uence on the competitiveness of the Czech …

demand for their manufacturing exports and their competitiveness are much more important. The European Union constitutes a … era of permanent stagnation with high and rising unemployment. Euro area enters recession, CESEE to follow? Given the … recession. Consolidation fever has spread to the new member states – including those that formally refused to subscribe to the …

Summary The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE … Central, East and Southeast European (CESEE) economies into recession in 2012, including the Czech Republic, Hungary, Slovenia …-dip recession in the euro area adversely impacting large parts of the CESEE region. This rather poor performance stands in sharp …

will remain in recession. Russia, Ukraine and the Baltic countries will experience a slowdown of growth. Over the next two … economies. Recovery is slowing down in the Baltic region. There are still some countries that are struggling with recession … are managing to stay out of recession and on a relatively elevated growth path. Russia and Ukraine are seeing either a …

controlled. Various scars left by the 2008-2009 recession, be the victims productive capacities, balance sheets of banks, firms … national currencies in the countries with flexible exchange rates. A decline in cost-competitiveness and worsening in net …

innovation. In other words, competitiveness is a necessary but not sufficient condition for continued prosperity. Hence, the need …