their aggregate trade balance slightly deteriorated (in fact foreign trade contributed positively to GDP growth in Poland … Slovakia (and to a lower deficit in Poland); the separate effect of trade with the EU on GDP growth was most likely positive … encouraging now than in the recent past GDP growth will accelerate in most countries (without recurring inflation), but …

, the Slovak Republic, Slovenia, Serbia and Montenegro, Romania, Russia, Turkey, Ukraine, and China). A short analysis of … continues to perform excellently. Foreign trade has been even more instrumental in generating GDP growth in the first quarter of …-nationalization and the lacklustre programme of the new government. China continues to register extremely rapid GDP growth, despite some …

quarter of 2006 than in 2005. Investment accelerated sharply and industry is proving buoyant. Labour productivity has …. Inflation is a major concern in Turkey, as is macroeconomic stability more fundamentally. At the end of 2006 it should be … for the rest of the Balkans to join the EU by 2015. Russian GDP growth is slowing down as the real sector weakens …

since the 'orange revolution'. In China, GDP grew by 10.7%, driven by investment and an exploding trade surplus but … has been driven predominantly by domestic demand. External trade, which significantly boosted GDP growth in a number of … contribution of trade to GDP growth. This contribution is likely to be negative in the 'old' NMS, but small. In Bulgaria and …

stability in the country remain bleak. GDP grew by 11.1% in China in the first quarter of 2007, faster than expected by most … 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 …

Belarus, Russia and Ukraine as well as in China. For each country, it provides a forecast relating to GDP growth, inflation … output, construction, foreign trade and quarterly GDP figures confirm this development. The economic recovery in the 'old EU … and China (the latter country has been included for the first time in our report), create every impression of having …

The transition countries approach EU enlargement with GDP growth outperforming the 'old' EU. In 2003, Poland's economy … prolonged near-stagnation in the EU has had limited impacts on GDP growth in the transition (and even the accession) countries … and institutional adaptations, as well as ongoing gains in labour productivity remain important for maintaining export …

of productivity - especially in manufacturing. As of mid-2003, there are few signs of the protracted global economic … high revenues from energy exports; its GDP growth is accelerating while investments recover. Whereas some of the latecomers … to reform and stabilization in the Balkans (Bulgaria, Romania and Croatia) have been rapidly catching up in many respects …

contracted. This does not augur well for economic growth in the medium-term future. The contribution of foreign trade to GDP … compensated by rising labour productivity, achieved primarily through cuts in employment. Unemployment is high, or very high. It … have a fairly limited impact on the performance of trade and production. The recent exchange rate trends may have reflected …

strong in the less advanced ones. The contribution of foreign trade to GDP growth in 2002 seems on the whole positive … improvements in industry which kept exports competitive. Gains in labour productivity are generally associated with some cuts in … Ukraine) performed quite well. This must be attributed to the ongoing growth in labour productivity and related cost …