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 part of its...

We analyze four interrelated aspects of economic convergence and their linkages over the period 1999-2013, drawing on the experiences of 26 member states of the European Union, with special focus on the ten Central and East-European new members (the EU10). These aspects are (1) real economic,...

This report provides an overview of macro-economic developments in 1999 and discusses the economic outlook for the next two years. It covers twelve transition countries Bulgaria, Croatia, the Czech Republic, Hungary, Macedonia (FYRM), Poland, Romania, Russia, Slovakia, Slovenia, Ukraine and...

For the first time since the transformation began, all transition economies recorded GDP growth in the year 2000. Some of the traditional 'losers' grew much faster than the traditional 'winners' of the transition process. The average growth rate in the region more than doubled and the...

The report provides an overview of macroeconomic developments in 2001 and discusses prospects for 2002 and 2003. It covers twelve transition countries Bulgaria, Croatia, the Czech Republic, Hungary, Macedonia, Poland, Romania, Russia, Slovakia, Slovenia, Ukraine and Yugoslavia. It also includes...

After satisfactory performance of the transition countries in 2000, growth slowed down in 2001 as the external conditions deteriorated. This tendency has not been checked in the first quarter of 2002. Industrial production has weakened, in some countries even declined. Expanding consumption has...

After satisfactory performance of the transition countries in 2000, their growth slowed down in 2001 as the external conditions deteriorated. This tendency was checked in the second half of 2002. Industrial production and exports have generally strengthened since then - though in some countries...

Despite the unfavourable external economic climate over the past three years, the transition countries have displayed a reasonably good growth performance. The region as a whole has expanded more rapidly than the EU; it is also catching up in terms of productivity - especially in manufacturing....

The transition countries approach EU enlargement with GDP growth outperforming the 'old' EU. In 2003, Poland's economy resumed quite strong growth after two years of stagnation. Growth accelerated also in the Czech Republic, while it experienced some moderate slowdown in Romania, Bulgaria,...

This wiiw report reviews the economic situation in the new EU member states, in the countries of Southeast Europe, in Belarus, Russia and Ukraine as well as in China. For each country, it provides a forecast relating to GDP growth, inflation, unemployment and current accounts in 2004 and 2005....