Fasting or Feasting? Europe - Old and New - at the Crossroads (press conference presentation in German)
related Publication: Fasting or Feasting? Europe - Old and New - at the Crossroads
The report analyses current economic situation and medium-term forecast for the countries of Central, East and Southeast Europe.
For the CESEE countries, wiiw expects 2012 to be a rather disappointing year. GDP growth will be rather slow – at least when judged by the past standards and the ambitions harboured only a few years ago. Some countries (Czech Republic, Hungary, Slovenia, Bosnia and Herzegovina, Serbia) will suffer a mild recession or come close to it (Bulgaria, Romania, Montenegro). 2013 will be characterized by external imbalances developing anew in some countries, although these are not expected to culminate in a repetition of precipitate and disorderly rebalancing crises. The imbalances, if allowed to widen, may come to a sticky end later. The fiscal consolidation in many CESEE countries is pursued despite the revealed weakness of private consumption and investment, amid signs of flagging demand for CESEE exports.
Reference to wiiw databases: wiiw Annual Database
Countries covered: Albania, Bosnia and Herzegovina, Bulgaria, Central, East and Southeast Europe, CIS, Croatia, Czech Republic, Estonia, European Union, Hungary, Kazakhstan, Latvia, Lithuania, Macedonia, Montenegro, New EU Member States, Poland, Romania, Russia, SEE, Serbia, Slovakia, Slovenia, Turkey, Ukraine, Visegrad countries, Wider Europe