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...

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...

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 European recovery is strengthening and broadening appreciably. Real GDP growth is projected at 2.4 percent in 2017, up from 1.7 percent in 2016, before easing to 2.1 percent in 2018. These are large upward revisions-0.5 and 0.2 percentage point for 2017 and 2018, respectively-relative to the...

Europe continues to enjoy a strong growth spurt. Growth has firmed up in many European economies and the forecast is for more of the same. Real GDP increased by 2.8 percent in 2017, up from 1.8 percent in 2016. The expansion is largely driven by domestic demand, with investment increasingly...

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engine of growth. However, the external environment has become less supportive and is...

La economía europea se está recuperando gracias a la enérgica respuesta a las crisis, pero está muy lejos de su pleno potencial. La incertidumbre sobre la persistente inflación subyacente, la orientación de las políticas y los conflictos geopolíticos están deteriorando las perspectivas...

Europe's economy is recovering, benefiting from a strong crises' response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts is dampening the near-term outlook. In the longer term, perennially weak...

М'яка посадка для економік Європи - мета досяжна. Забезпечення базового зростання з ціновою стабільністю вимагатиме ретельного калібрування монетарної...

Las economías europeas están en condiciones de lograr un aterrizaje suave. Sentar las bases de un crecimiento con estabilidad de precios exigirá calibrar minuciosamente la política monetaria. Una consolidación fiscal más rápida permitiría contar con reservas adecuadas para afrontar...