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This study has been prepared for the European Commission (Framework Contract B2/Entr/05/091) and is composed of five sections. The first three sections all deal with assessing the role of skills in the European economy Section 1 undertakes a number of econometric exercises to analyse the...
Persistent link: https://www.econbiz.de/10008509353
The Vienna Institute for International Economic Studies (wiiw) has just released an analysis of current economic developments in Central, East and Southeast Europe, Kazakhstan, Russia, Ukraine and China (including brief country reports), as well as a medium-term forecast for these countries in...
Persistent link: https://www.econbiz.de/10005695392
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...
Persistent link: https://www.econbiz.de/10011019991
Growth in the CESEE region will follow the unimpressive pattern displayed by the euro area. The longer-term convergence of income levels in the CESEE countries can no longer be expected to be as rapid as was assumed a decade or so ago. Growth in the period 2015-2017 is not going to deviate...
Persistent link: https://www.econbiz.de/10011199940
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...
Persistent link: https://www.econbiz.de/10008862167
der Entlohnung und Besteuerung des Faktors Arbeit, die Produktivität und andere Faktoren der Wettbewerbsfähigkeit sowie … und Slowenien). Die Gesamtbelastung des Faktors Arbeit ist in Österreich vergleichsweise hoch. Abgesehen von den Löhnen … und Lohnnebenkosten (beide zusammen = Arbeitskosten), und der Steuerbelastung des Faktors Arbeit, spielt für die …
Persistent link: https://www.econbiz.de/10009131255
For 2011 the wiiw central scenario envisages further improvements in the economic performance of those countries that were still stagnating or contracting in 2010 (Bulgaria, Latvia, Romania, Croatia, Macedonia and Montenegro). However, in those countries that performed reasonably well in 2010...
Persistent link: https://www.econbiz.de/10009146721
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...
Persistent link: https://www.econbiz.de/10010686219
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...
Persistent link: https://www.econbiz.de/10010686994
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...
Persistent link: https://www.econbiz.de/10010751986