Differentiated Impact of the Global Crisis


Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner, Gabor Hunya, Anna Iara, Sebastian Leitner, Zdenek Lukas, Anton Mihailov, Olga Pindyuk, Leon Podkaminer, Josef Pöschl, Sandor Richter, Robert Stehrer, Waltraut Urban and Hermine Vidovic

wiiw Current Analyses and Forecasts No. 3, February 2009
137 pages including 40 Tables and 16 Figures

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1Albania: the one-eyed kingMario Holzner details
2Baltic States: an imbalanced growth model in tattersSebastian Leitner details
3Bosnia and Herzegovina: landing in the fogJosef Pöschl details
4Bulgaria: coping with multiple external shocksAnton Mihailov details
5China: travelling down a bumpy roadWaltraut Urban details
6Croatia: meeting financial obligations - a major challengeHermine Vidovic details
7Hungary: the home-made and the imported crisisSandor Richter details
8Kazakhstan: avoiding recession and prolonging recovery Olga Pindyuk details
9Macedonia: relying on fiscal stimulusVladimir Gligorov details
10Montenegro: banking problemsVladimir Gligorov details
11Poland: a slowdown in the making Leon Podkaminer details
12Romania: on the verge of recessionGabor Hunya details
13Russia: economy hit by global turmoilPeter Havlik details
14Serbia: risking instabilityVladimir Gligorov details
15Slovakia: after three-year boom, settling down to moderate growthZdenek Lukas details
16Slovenia: stimulus package to mitigate economic hardshipHermine Vidovic details
17The Czech Republic: approaching standstill Leon Podkaminer details
18Turkey: a robust, but recessive economy Josef Pöschl details
19Ukraine: in the midst of economic meltdownVasily Astrov details

The report analyses recent economic developments and short- and medium-term development prospects, covering the countries of Central and Eastern Europe and Southeast Europe including Turkey, together with Russia, Ukraine, Kazakhstan and China. Separate chapters present an overview of developments in the European Union's New Member States and in Southeast European countries, or deal with the global economic environment and the role of the energy sector.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Keywords: Central and East European new EU member states, Southeast Europe, Balkans, former Soviet Union, China, Turkey, economic forecasts, GDP growth, labour productivity, exchange rates, inflation, EU integration

JEL classification: O52, O57, P24, P27, P33, P52

Countries covered: Albania, Asia, Baltic States, Bosnia and Herzegovina, Bulgaria, Visegrad countries, China, 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, Wider Europe

Research Areas: Macroeconomic Analysis and Policy, International Trade, Competitiveness and FDI, Sectoral studies