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Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1513590863
Category : Business & Economics
Languages : en
Pages : 78
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Book Description
This paper discusses the robust growth that continues in most Central and Southeastern European economies as well as in Turkey. Accommodative macroeconomic policies, improving financial intermediation, and rising real wages have been behind the region’s mostly consumption-driven rebound, while private investment remained subdued. In the near-term, strong domestic demand is expected to continue supporting growth amid continued low or negative inflation. The Russian economy went through a sharp contraction last year amid plunging oil prices and sanctions. Other CIS countries were hurt by domestic political and financial woes, as well as by weak demand from Russia. In 2016, output contraction is projected to moderate to around 11⁄2 percent from 41⁄4 percent in 2015 as the shocks that hit the CIS economies gradually reverberate less and activity stabilizes. In the baseline, a combination of supportive monetary policy and medium-term fiscal consolidation remains valid for many economies in the region.
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1513590863
Category : Business & Economics
Languages : en
Pages : 78
Get Book
Book Description
This paper discusses the robust growth that continues in most Central and Southeastern European economies as well as in Turkey. Accommodative macroeconomic policies, improving financial intermediation, and rising real wages have been behind the region’s mostly consumption-driven rebound, while private investment remained subdued. In the near-term, strong domestic demand is expected to continue supporting growth amid continued low or negative inflation. The Russian economy went through a sharp contraction last year amid plunging oil prices and sanctions. Other CIS countries were hurt by domestic political and financial woes, as well as by weak demand from Russia. In 2016, output contraction is projected to moderate to around 11⁄2 percent from 41⁄4 percent in 2015 as the shocks that hit the CIS economies gradually reverberate less and activity stabilizes. In the baseline, a combination of supportive monetary policy and medium-term fiscal consolidation remains valid for many economies in the region.
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1475575149
Category : Business & Economics
Languages : en
Pages : 43
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Book Description
Economic growth is broadening in Central, Eastern, and Southeastern Europe. Further ahead, however, growth prospects are tested by a dwindling workforce and weak productivity. Reaching Western European income levels would thus take longer, says the IMF in its Regional Economic Issues update on the region.
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498334598
Category : Business & Economics
Languages : en
Pages : 76
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Book Description
The key policy challenges facing countries in Central, Eastern, and Southeastern Europe remain broadly unchanged, among them supporting domestic demand, addressing financial crisis legacies, rebuilding buffers against external shocks, and improving the business environment. Country-specific priorities depend on how far along they are in the postcrisis adjustment and their exposure to external risks.
Author: John P. Hardt
Publisher: Routledge
ISBN: 1315481758
Category : Business & Economics
Languages : en
Pages : 915
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Book Description
This volume makes JEC-commissioned expert studies of economic developments in East-Central Europe available to business people, educators and students. Coverage includes economic, political and social reform issues, regional relations, and the impact of Western assistance programmes.
Author: R. Martin
Publisher: Springer
ISBN: 0230235433
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
This book brings together policymakers, high-level practitioners, academics, and experts from central banks and international institutions in order to review key policy challenges for convergence in the region of central, eastern and south-eastern Europe. Contributions focus especially on inflation, growth, migration and the balance of payments.
Author: International Monetary Fund (IMF)
Publisher:
ISBN: 9781475547917
Category : Business & Economics
Languages : en
Pages : 71
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Book Description
Economic growth remains solid in much of Central, Eastern, and Southeastern Europe (CESEE). Given mediocre prospects for potential growth and a cyclical rebound near completion outside the CIS, current growth may be difficult to sustain. While some risks to the outlook have diminished, downside risks still dominate. Some risks, such as the pace of monetary normalization in key advanced economies and the refugee crisis in Europe, appear less prominent than six months ago. Other risks, however, such as those associated with rising political discord, have become more pronounced.Policies need to strike the right balance between supporting near-term growth and rebuilding fiscal buffers. Policies need to strike the right balance between supporting near-term growth and rebuilding fiscal buffers.
Author: Christine J. Richmond
Publisher: International Monetary Fund
ISBN: 1498319963
Category : Business & Economics
Languages : en
Pages : 127
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Book Description
The Central, Eastern, and South Eastern European (CESEE) region is ripe for a reassessment of the role of the state in economic activity. The rapid income convergence with Western Europe of the early 2000s was not always equally shared across society, and it has now slowed dramatically in many countries of the region.
Author: Anastasios Karasavvoglou
Publisher: Springer
ISBN: 3319703773
Category : Business & Economics
Languages : en
Pages : 903
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Book Description
This volume comprises papers presented at the 8th international conference “The Economies of the Balkan and Eastern European Countries in the Changing World” (EBEEC) held in Split, Croatia in 2016. The papers cover a wide range of current issues relevant for the whole of Eastern Europe, such as European integration, economic growth, labour markets, education and tourism. Written by experienced researchers in the field of economic challenges for Eastern Europe, the papers not only analyse recent problems, but also offer policies to resolve them. Furthermore, they offer insights into the theoretical and empirical foundations of the economic processes described. The proceedings of the conference appeals to all those interested in the further economic development of the Balkan and Eastern European countries.
Author: Mr.Ruben V Atoyan
Publisher: International Monetary Fund
ISBN: 1475576366
Category : Social Science
Languages : en
Pages : 48
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Book Description
This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.
Author: András Inotai
Publisher: Peter Lang
ISBN: 9789052010717
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
This strategy-oriented analysis is based on an interdisciplinary approach, with clear emphasis on economic issues, such as global, EU-related and intra-regional trade, foreign direct investments, labour market, migration, and financial transfers
