Where Have All the Shooting Stars Gone?


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

wiiw Current Analyses and Forecasts No. 4, July 2009
171 pages including 47 Tables and 50 Figures

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1Albania: you too my son?Mario Holzner details
2Baltic States: squashed hopes in the realm of depressionSebastian Leitner details
3Bosnia and Herzegovina: relative stabilityJosef Pöschl details
4Bulgaria: countercyclical measures help mitigate the shocks of the crisisAnton Mihailov details
5China: economy showing signs of bottoming outWaltraut Urban details
6Croatia: servicing foreign debt remains major weak pointHermine Vidovic details
7Hungary: little manoeuvring room to cope with the recessionSandor Richter details
8Kazakhstan: slipping into a mild recessionOlga Pindyuk details
9Macedonia: lack of clarityVladimir Gligorov details
10Montenegro: stability in crisisVladimir Gligorov details
11Poland: resisting recessionLeon Podkaminer details
12Romania: contraction in all fieldsGabor Hunya details
13Russia: heading for crash and clash?Peter Havlik details
14Serbia: continuous deteriorationVladimir Gligorov details
15Slovakia: late revenge of the overambitious conversion rateZdenek Lukas details
16Slovenia: hit hard despite recovery packageHermine Vidovic details
17The Czech Republic: policy eased to limit the damageLeon Podkaminer details
18Turkey: a show of confidence - or a struggle for survival?Josef Pöschl details
19Ukraine: back to external equilibriumVasily Astrov details
The report analyses recent economic developments and short- and medium-term prospects of the countries of Central and Eastern Europe, Southeast Europe including Turkey, as well as Kazakhstan, Russia, Ukraine and China. Separate chapters present an overview of developments in the European Union's new member states and in the future EU member states of Southeast Europe, and deal with the changing role of the IMF in the region and the latest developments in foreign trade.


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

Keywords: Central and East European, new EU member states, Southeast Europe, future EU member states, Balkans, former Soviet Union, China, Turkey, economic forecasts, GDP growth, exchange rates, inflation, EU integration, foreign trade, financial markets, fiscal policy, financial crisis

JEL classification: G01, G18, O52, O57, P24, P27, P33, P52

Countries covered: Albania, Asia, 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, Central, East and Southeast Europe, Baltic States

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