Publication:
Strengthening Recovery in Central and Eastern Europe : EU11 Regular Economic Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-09-11T14:52:57Z
dc.date.available2014-09-11T14:52:57Z
dc.date.issued2014-01
dc.description.abstractEconomic growth is expected to almost double in EU11 (Estonia, Latvia, and Lithuania, the Czech Republic, Hungary, Poland, the Slovak Republic, Bulgaria, Croatia, Romania and Slovenia) in 2014, and continue to strengthen in 2015. The northern countries of Estonia, Latvia, Lithuania will continue to be amongst the fastest growing countries in the EU, despite the negative impact of falling external demand as growth slows in their main trading partners. Croatia is the only country expected to remain in recession, for a sixth consecutive year, in 2014, as declining domestic demand continues to outweigh export growth. Recovery is expected to be gradual, with growth not reaching pre-crisis rates for some time. Inflation rates are expected to remain below targets during 2014, with some countries already experiencing deflation, but as global commodity prices stabilize, activity increases and output gaps diminish, inflation is expected to gradually rise. Fiscal consolidation will continue in 2014 and 2015, but at a more gradual pace than in the previous years. Economic growth forecasts in the EU11 are subject to multiple risks, mainly on the downside, as the global financial situation remains fragile. Rising global interest rates coupled with volatile capital markets, or an extended period of regional geopolitical tensions could slow the European recovery and constrain exports, credit and investment in EU11. While labor market conditions have started to improve, the pace of job creation and reduction in unemployment rates are likely to be gradual. Many of the economies in the EU11 face the twin challenge of high youth unemployment and rapidly aging populations. EU11 countries also struggle with equipping the next generation with the skills necessary to achieve their full potential e.g. in literacy, math and science. The persistence of large numbers of inactive and unemployed youth therefore poses unique risks of creating a "lost generation" of workers. Understanding the cyclical and structural nature of youth unemployment is therefore important to mitigate the potentially damaging cycle between youth unemployment and broader economic growth and productivity.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/19796256/macroeconomic-report-strengthening-recovery-central-eastern-europe
dc.identifier.doi10.1596/20072
dc.identifier.urihttps://hdl.handle.net/10986/20072
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesEU11 regular economic report;
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURE
dc.subjectASSET MANAGEMENT
dc.subjectASSET QUALITY
dc.subjectASSET-BACKED SECURITIES
dc.subjectBALANCE SHEET
dc.subjectBANK BALANCE SHEETS
dc.subjectBANK FINANCING
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANK LENDING
dc.subjectBANK LINKAGES
dc.subjectBANK RECAPITALIZATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTORS
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBASIS POINTS
dc.subjectBOND
dc.subjectBOND SWAP
dc.subjectBOOK-ENTRY
dc.subjectCAPITAL FLIGHT
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL STOCK
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER LOANS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectCONSUMPTION TAXES
dc.subjectCORPORATE BONDS
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAP
dc.subjectCREDIT GROWTH
dc.subjectCREDIT RATING
dc.subjectCREDIT RATINGS
dc.subjectCREDIT RISKS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEBT
dc.subjectDEBT BURDENS
dc.subjectDEBT CRISES
dc.subjectDEBT CRISIS
dc.subjectDEBT LEVELS
dc.subjectDEFLATION
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING COUNTRY EQUITY
dc.subjectDOMESTIC MARKETS
dc.subjectDURABLE
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC POLICIES
dc.subjectEIB
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY INVESTMENT
dc.subjectEQUITY MARKETS
dc.subjectEUROPEAN CENTRAL BANK
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORTS
dc.subjectEXTERNAL FUNDING
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR INDICATORS
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICY
dc.subjectFLOATING EXCHANGE RATES
dc.subjectFORECASTS
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFULL EMPLOYMENT
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL FINANCIAL STABILITY
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT REVENUES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS DOMESTIC PRODUCT GROWTH
dc.subjectGROWTH RATE
dc.subjectHOST COUNTRY
dc.subjectHOUSEHOLD INCOMES
dc.subjectHOUSEHOLD SAVING
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN CAPITAL DEVELOPMENT
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITIES
dc.subjectINCOME TAX
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANKING
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectINVENTORIES
dc.subjectINVESTMENT ACTIVITY
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT RATES
dc.subjectJUDICIAL SYSTEM
dc.subjectLABOR COSTS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLEGAL FRAMEWORKS
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOCAL MARKETS
dc.subjectLONG-TERM INTEREST
dc.subjectLONG-TERM INTEREST RATES
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMARKET CONDITIONS
dc.subjectMARKET REFORM
dc.subjectMARKET REFORMS
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMINISTRIES OF FINANCE
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectNATIONAL BANK
dc.subjectNET EXPORTS
dc.subjectNON-PERFORMING LOAN
dc.subjectNON-PERFORMING LOANS
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectPENSION
dc.subjectPENSION REFORM
dc.subjectPENSION SYSTEM
dc.subjectPENSIONS
dc.subjectPER CAPITA INCOME
dc.subjectPERSONAL INCOME
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPORTFOLIOS
dc.subjectPRICE DECLINES
dc.subjectPRICE STABILITY
dc.subjectPRIVATE CAPITAL
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR BORROWING
dc.subjectPURCHASING POWER
dc.subjectRATES OF INFLATION
dc.subjectREAL ESTATE LOANS
dc.subjectREAL GDP
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectRECAPITALIZATION
dc.subjectRECESSION
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectRETURN
dc.subjectRISK AVERSION
dc.subjectRISK FACTOR
dc.subjectSECURITIES
dc.subjectSECURITIES MARKETS
dc.subjectSOLVENCY
dc.subjectSOVEREIGN BONDS
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN RATING
dc.subjectSOVEREIGN RATINGS
dc.subjectSTOCKS
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectSUPPLY OF CREDIT
dc.subjectTAX RATE
dc.subjectTAXATION
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE BALANCES
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTREASURIES
dc.subjectTURNOVER
dc.subjectUNDERLYING ASSETS
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWITHDRAWAL
dc.titleStrengthening Recovery in Central and Eastern Europe : EU11 Regular Economic Reporten
dspace.entity.typePublication
okr.date.disclosure2014-07-16
okr.date.doiregistration2025-05-07T09:45:44.063036Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/2014/01/19796256/macroeconomic-report-strengthening-recovery-central-eastern-europe
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.guid262981468233091324
okr.identifier.externaldocumentum000016351_20140716150355
okr.identifier.internaldocumentum19796256
okr.identifier.report89427
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/07/16/000016351_20140716150355/Rendered/PDF/894270WP00PUBL0mic0report0july02014.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.geographicalEurope
okr.region.geographicalEastern Europe
okr.region.geographicalEuropean Union
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicMacroeconomics and Economic Growth
okr.unitOffice of the Chief Economist (ECACE)
okr.volume1 of 1
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