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, GDP growth, inflation Countries covered: Czech Republic Topics: Macroeconomic Analysis and Policy Hungary: creditless near-stagnation (by Sándor Richter; pp. 7-10) Keywords: economic forecasts, GDP growth, inflation Countries covered: Hungary Topics: Macroeconomic Analysis an...more

In the Baltic States, particularly Estonia, exports since the end of 2010 have expanded much more firmly than expected. Similarly, an upsurge in gross fixed investments has been the main growth driver in Latvia and Lithuania, while household consumption will also gain some momentum at a later stage. We expect GDP to increase between 3.6% in Latvia and 5.7% in Estonia in 2011. Each of the three countries will grow between 4% and 5% in the two years thereafter, when growth in external demand will abate. Despite faster GDP growth, the situation in the labour markets will remain disappointing for a long time to come....more

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 revival of exports has been even stronger than their growth before the crisis. By way of contrast, the trends in industrial output have so far remained more or less flat. The persistent decline in construction and fixed investments – both related to the still hesitant credit markets – represents one of t...more

In Estonia, Latvia and Lithuania alike, exports evolved much more strongly than expected. This has led to a substantial upward revision of the economic growth figures for both 2010 and 2011. In 2011, the revival of gross fixed investments will act as the main engine of growth in the Baltic States, while household consumption will also gain momentum. We expect GDP to increase between 2.8% in Latvia and 4.5% in Estonia in 2011 and between 3.5% and 4.5% in the subsequent two years. Nevertheless, as the rapid growth that marked the pre-crisis period is a thing of the past, the labour market situation will remain disappointing for a longer period of time. Unemployment rates, which in 2007 amounted on average to 5% in the Baltic States, more than trebled in the years leading up to mid-2010 and will remain double-digits throughout the period forecast....more

In this report, wiiw researchers Vladimir Gligorov and Michael Landesmann and their co-authors Torbjörn Becker, Zsolt Darvas, Daniel Daianu, Pavle Petrovic, Jean Pisani-Ferry, Dariusz K. Rosati, Andre Sapir and Beatrice Weder di Mauro argue that in view of the depth of integration in Europe, the development model of the central, eastern and south-eastern Europe (CESEE) region, despite its shortcomings, should be preserved. But it should be reformed, with major implications for policymaking both at national and EU levels. If so, what are the required changes? The European think tank Bruegel and...more

Individual chapters in MS Excel format Available only online. Price: € 37.-- 1. Macroeconomic indicators 2. External sector ...more

Individual chapter in MS Excel format Available only online. Price: € 37.--...more

Individual country in MS Excel format Available only online. Price: € 37.--...more

Individual country in MS Excel format Available only online. Price: € 37.--...more

Individual country in MS Excel format Available only online. Price: € 37.--...more

The Vienna Institute for International Economic Studies (wiiw) presents an analysis of foreign direct investment (FDI) in 22 Central, East and Southeast European countries based on the latest update of its database. FDI continues to be of great significance for the development of the former transition economies. The domestic engines of economic growth are still weak, and fiscal consolidation provides a drag on the economies. The short-lived recovery in 2011 was based mainly on external demand, which upgraded the importance of foreign investors, as they generate a major part of exports. ...more

Presentation of wiiw's latest growth forecast for the countries of Central, East and Southeast Europe for the period 2010-2013. Presentation of the new wiiw Handbook of Statistics 2011. ...more

The Vienna Institute for International Economic Studies (wiiw) presents an analysis of foreign direct investment (FDI) in 20 Central, East and Southeast European countries based on the latest update of its database. FDI is still of great importance for the development of CEECs especially as the domestic engines of economic growth are still weak, and fiscal consolidation drags on many of the economies. The economic recovery that has started in the region is mainly based on external demand, which has upgraded the role of foreign investors whose subsidiaries produce the main part of exp...more

The Vienna Institute for International Economic Studies (wiiw) has just published its latest Analyses and Forecasts. The report, titled Crisis Is Over, but Problems Loom Ahead, analyses recent economic developments and short- and medium-term prospects of the countries of Central and Eastern Europe, Southeast Europe including Turkey, as well as Kazakhstan, Russia, Ukraine and China. Most countries in Central, East and Southeast Europe have emerged from the trough of the crisis already at the end of 2009. Several leading indicators point to a modest upswing. All countries in the regio...more

wiiw presents its new analysis of FDI developments in 20 Central, East and Southeast European countries, based on the latest update of the wiiw FDI Database. German: Das wiiw präsentiert seine aktuelle Analyse der Entwicklung der Auslandsinvestitionen in Zentral-, Ost- und Südosteuropa, sowie den Update der "FDI Database" mit detaillierten Statistiken über Auslandsinvestitionen in 20 Ländern....more