rising, thus making room for a more balanced overall GDP growth. Industrial production will continue to expand rapidly in …-empts excessive adjustments. The labour market situation is improving across most NMS and accession countries as accelerated GDP …. Macroeconomic stability will be maintained, though inflation is picking up; and is a serious problem in Serbia and Romania …

investment. The positive contribution of net exports to GDP growth is expected to continue in 2006-2007. Besides, rising private … (except in Hungary). Inflation slowed down to very low levels and is no longer a serious problem. Hungary and Slovakia will …. Rising consumption was the main contributor to GDP growth in this region. That was partly the consequence of the increased …

encouraging now than in the recent past GDP growth will accelerate in most countries (without recurring inflation), but … new EU member states of Central and Eastern Europe (NMS-8) recorded higher GDP growth (5% on average) than in the previous … Macedonia), as well as in Belarus and Ukraine (Russia's GDP grew by 7% again). The transition economies have thus been one of …

Romania (which joined the EU on 1 January 2007) was also accelerating throughout 2006. Everywhere, except Hungary, GDP growth … has been driven predominantly by domestic demand. External trade, which significantly boosted GDP growth in a number of … forecasts of the GDP in individual NMS in 2007 and 2008 are looking very good. It is expected that household consumption will …

the economic balance of the first three years is a clear success for the whole EU. Over the period 2001-2003 GDP in the … that in 2001-2003 the NMS reduced the gap in per capita GDP in relation to the EU average by 2.7 p.p., and the pace of … stability indicators – inflation, current account status and fiscal balance – reveal a more differentiated and less favourable …

recent quarterly GDP growth rates are already negative. The recent output contractions do not appear to be exceptions, but … Ukraine, even with relatively slow growth in domestic demand, foreign trade will not be in a position to support overall GDP …

-19) Keywords oil prices, inflation Countries covered OECD Topics Macroeconomic Analysis, Forecasts and Policy; Energy Selected …

sector debt build-up. These adjustments (and their severity) entail clear medium-term costs in terms of GDP growth and … domestic sales prospects. The induced lower GDP growth outlook, in turn, raises concerns over debt sustainability and fosters …

price developments (by M. Feldkircher, R. Martin and J. Wörz; pp. 1-7) Keywords inflation, mark-ups, competition …