Publication:
South East Europe Regular Economic Report, June 2012
dc.contributor.author | World Bank | |
dc.date.accessioned | 2012-12-04T22:32:41Z | |
dc.date.available | 2012-12-04T22:32:41Z | |
dc.date.issued | 2012-06 | |
dc.description.abstract | After they achieved 2.2 percent growth in 2011, early indications are that the economies of the six countries in South East Europe (the SEE6: Albania, Bosnia and Herzegovina (BIH), Kosovo, FYR Macedonia, Montenegro, and Serbia) are slowing drastically and can expect just 1.1 percent growth in 2012. Economic conditions in the Euro zone are holding back economic activity and depressing government revenues in SEE6 countries. With both public debt and financing pressures high, most countries in the region need to embark on major fiscal consolidation programs if they are to reverse their adverse debt dynamics and avoid financing problems down the road. The good news is that in general the SEE6 financial sectors are still relatively well placed, despite elevated risks and vulnerability to adverse shocks, especially the possibility of contagion if the Greek crisis should intensify. The bad news is social: SEE6 countries have the highest unemployment and poverty rates in Europe. Yet even with the difficult short-term situation, SEE6 countries now have historic opportunity to board the European 'convergence train' and over the long term reduce their per capita income gap with developed European Union (EU) countries. All earlier entrants were able to 'catch up quickly.' In principle, the same 'convergence train' is now pulling into the EU candidate countries in SEE6; but these gains are not automatic, they will materialize only if country policies and reforms facilitate them. The long-term SEE6 structural reform agenda must leverage greater trade and financial integration and reform labor markets and the public sector. | en |
dc.identifier | http://documents.worldbank.org/curated/en/2012/06/16336076/south-east-europe-regular-economic-report | |
dc.identifier.uri | http://hdl.handle.net/10986/11888 | |
dc.language | English | |
dc.language.iso | en_US | |
dc.publisher | Washington, DC | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo/ | |
dc.subject | ACCOUNTING | |
dc.subject | ADVERSE EFFECT | |
dc.subject | BALANCE OF PAYMENTS | |
dc.subject | BALANCE SHEET | |
dc.subject | BANK CREDIT | |
dc.subject | BANK DEPOSITS | |
dc.subject | BANK FOR INTERNATIONAL SETTLEMENTS | |
dc.subject | BANK LENDING | |
dc.subject | BANK OF GREECE | |
dc.subject | BANKING SECTOR | |
dc.subject | BANKING SYSTEM | |
dc.subject | BANKING SYSTEMS | |
dc.subject | BANKRUPTCY | |
dc.subject | BANKRUPTCY LAW | |
dc.subject | BANKRUPTCY PROCEDURE | |
dc.subject | BONDS | |
dc.subject | BOOST TO GROWTH | |
dc.subject | BUSINESS ENVIRONMENT | |
dc.subject | CADASTRE | |
dc.subject | CAPITAL ADEQUACY | |
dc.subject | CAPITAL ADEQUACY RATIOS | |
dc.subject | CAPITAL EXPENDITURES | |
dc.subject | CAPITAL INFLOWS | |
dc.subject | CDS | |
dc.subject | CENTRAL BANK | |
dc.subject | CENTRAL BANKS | |
dc.subject | COMMERCIAL BORROWING | |
dc.subject | COMMODITY | |
dc.subject | COMMODITY PRICES | |
dc.subject | CONFIDENCE INDICES | |
dc.subject | CONSOLIDATION | |
dc.subject | CONTRACT ENFORCEMENT | |
dc.subject | CREDIT DEFAULT | |
dc.subject | CREDIT DEFAULT SWAP | |
dc.subject | CREDIT EXPANSION | |
dc.subject | CREDIT INFORMATION | |
dc.subject | CREDIT INFORMATION SYSTEM | |
dc.subject | CREDIT LINE | |
dc.subject | CREDIT RATING | |
dc.subject | CREDITORS | |
dc.subject | CURRENCY | |
dc.subject | CURRENCY BOARD | |
dc.subject | CURRENT ACCOUNT DEFICIT | |
dc.subject | CURRENT ACCOUNT DEFICITS | |
dc.subject | DEBT LEVELS | |
dc.subject | DEBT PAPER | |
dc.subject | DEBT SERVICING | |
dc.subject | DEBT SERVICING COSTS | |
dc.subject | DEMOGRAPHIC | |
dc.subject | DEPOSIT | |
dc.subject | DEPOSITS | |
dc.subject | DIVIDEND | |
dc.subject | DIVIDENDS | |
dc.subject | DOMESTIC BANK | |
dc.subject | DOMESTIC BORROWING | |
dc.subject | DOMESTIC CAPITAL | |
dc.subject | DOMESTIC CAPITAL MARKETS | |
dc.subject | ECONOMIC CRISIS | |
dc.subject | ECONOMIC INTEGRATION | |
dc.subject | EMERGING ECONOMIES | |
dc.subject | EMERGING MARKETS | |
dc.subject | EMPLOYMENT | |
dc.subject | ENFORCEMENT SYSTEM | |
dc.subject | ENTERPRISE PERFORMANCE | |
dc.subject | EQUIPMENT | |
dc.subject | EQUITY INDEX | |
dc.subject | EUROBOND | |
dc.subject | EXCHANGE RATES | |
dc.subject | EXPENDITURE | |
dc.subject | EXPENDITURES | |
dc.subject | EXPORT GROWTH | |
dc.subject | EXPORT MARKET | |
dc.subject | EXPORT PERFORMANCE | |
dc.subject | EXPOSURE | |
dc.subject | EXTERNAL DEBT | |
dc.subject | EXTERNAL DEFICITS | |
dc.subject | EXTERNAL FINANCING | |
dc.subject | FINANCES | |
dc.subject | FINANCIAL CRISES | |
dc.subject | FINANCIAL CRISIS | |
dc.subject | FINANCIAL MARKET | |
dc.subject | FINANCIAL MARKET DEVELOPMENT | |
dc.subject | FINANCIAL SECTOR | |
dc.subject | FINANCIAL STABILITY | |
dc.subject | FINANCING SOURCES | |
dc.subject | FISCAL BURDEN | |
dc.subject | FISCAL CONSOLIDATION | |
dc.subject | FISCAL DEFICIT | |
dc.subject | FISCAL DEFICITS | |
dc.subject | FISCAL POLICIES | |
dc.subject | FISCAL POLICY | |
dc.subject | FIXED EXCHANGE RATES | |
dc.subject | FLEXIBLE EXCHANGE RATE | |
dc.subject | FLEXIBLE EXCHANGE RATE REGIMES | |
dc.subject | FLEXIBLE EXCHANGE RATES | |
dc.subject | FOREIGN BANKS | |
dc.subject | FOREIGN CURRENCY | |
dc.subject | FOREIGN CURRENCY DEPOSITS | |
dc.subject | FOREIGN EXCHANGE | |
dc.subject | FOREIGN EXCHANGE RESERVES | |
dc.subject | FOREIGN FINANCING | |
dc.subject | FOREIGN INVESTMENT | |
dc.subject | FOREIGN PORTFOLIO | |
dc.subject | FOREIGN PORTFOLIO INVESTMENT | |
dc.subject | FUTURE GROWTH | |
dc.subject | GLOBAL BOND | |
dc.subject | GLOBAL ECONOMY | |
dc.subject | GOVERNMENT BORROWING | |
dc.subject | GOVERNMENT DEBT | |
dc.subject | GOVERNMENT EXPENDITURES | |
dc.subject | GOVERNMENT REVENUES | |
dc.subject | GROWTH RATE | |
dc.subject | HOST COUNTRIES | |
dc.subject | INCOME | |
dc.subject | INCOME LEVELS | |
dc.subject | INCOME TAX | |
dc.subject | INCOME TAXES | |
dc.subject | INDIVIDUAL FIRMS | |
dc.subject | INFLATION | |
dc.subject | INFRASTRUCTURE INVESTMENT | |
dc.subject | INSURANCE | |
dc.subject | INTEREST EXPENDITURES | |
dc.subject | INTEREST RATES | |
dc.subject | INTERNATIONAL FINANCIAL INSTITUTIONS | |
dc.subject | INTERNATIONAL FINANCIAL STATISTICS | |
dc.subject | INTERNATIONAL SETTLEMENTS | |
dc.subject | INVESTOR INTEREST | |
dc.subject | ISSUANCE | |
dc.subject | LABOR MARKET | |
dc.subject | LABOR MARKETS | |
dc.subject | LAWS | |
dc.subject | LEGISLATION | |
dc.subject | LEGISLATIVE FRAMEWORK | |
dc.subject | LENDERS | |
dc.subject | LEVEL OF DEBT | |
dc.subject | LIQUIDATION | |
dc.subject | LIQUIDITY | |
dc.subject | LOAN | |
dc.subject | LOAN LOSS PROVISIONS | |
dc.subject | LOAN PROCEEDS | |
dc.subject | MACROECONOMIC ENVIRONMENT | |
dc.subject | MACROECONOMIC MANAGEMENT | |
dc.subject | MACROECONOMIC POLICIES | |
dc.subject | MACROECONOMIC STABILITY | |
dc.subject | MARKET ACCESS | |
dc.subject | MARKET CONDITIONS | |
dc.subject | MARKET DEVELOPMENT | |
dc.subject | MARKET DEVELOPMENTS | |
dc.subject | MARKET EFFICIENCY | |
dc.subject | MARKET PERFORMANCE | |
dc.subject | MATURITY | |
dc.subject | MIGRATION | |
dc.subject | MINISTRIES OF FINANCE | |
dc.subject | MONETARY FUND | |
dc.subject | MONETARY POLICY | |
dc.subject | NATIONAL BANK | |
dc.subject | NON-PERFORMING LOANS | |
dc.subject | NONPERFORMING LOANS | |
dc.subject | NOTARY | |
dc.subject | NPL | |
dc.subject | OIL PRICES | |
dc.subject | OPEN ECONOMIES | |
dc.subject | OUTPUT | |
dc.subject | OVERSIGHT PROCESSES | |
dc.subject | PENSION | |
dc.subject | PENSION REFORM | |
dc.subject | PENSION REFORMS | |
dc.subject | PENSION SYSTEMS | |
dc.subject | PENSIONS | |
dc.subject | POLITICAL ECONOMY | |
dc.subject | PORTFOLIO | |
dc.subject | PORTFOLIO FLOWS | |
dc.subject | PRIVATE CREDIT | |
dc.subject | PRIVATE CREDIT BUREAU | |
dc.subject | PRIVATE FINANCING | |
dc.subject | PRIVATIZATION | |
dc.subject | PRODUCTIVITY | |
dc.subject | PUBLIC DEBT | |
dc.subject | PUBLIC FINANCE | |
dc.subject | PUBLIC FINANCES | |
dc.subject | PUBLIC SPENDING | |
dc.subject | PUBLIC-PRIVATE PARTNERSHIPS | |
dc.subject | RAPID GROWTH | |
dc.subject | REAL ESTATE | |
dc.subject | REAL GROWTH RATES | |
dc.subject | REAL SECTOR | |
dc.subject | REFORM PROGRAM | |
dc.subject | REGIONAL TRADE | |
dc.subject | REGULATORS | |
dc.subject | REMITTANCES | |
dc.subject | REORGANIZATION | |
dc.subject | RETIREMENT | |
dc.subject | RETURN | |
dc.subject | RETURNS | |
dc.subject | RETURNS ON EQUITY | |
dc.subject | RISK PREMIUM | |
dc.subject | RULE OF LAW | |
dc.subject | SELF-REGULATION | |
dc.subject | SETTLEMENT | |
dc.subject | SINGLE MARKET | |
dc.subject | SOCIAL PROTECTION | |
dc.subject | SOVEREIGN DEBT | |
dc.subject | SOVEREIGN DEBT MARKET | |
dc.subject | SOVEREIGN DEBT PROBLEMS | |
dc.subject | STOCK MARKET | |
dc.subject | STOCK MARKET VOLATILITY | |
dc.subject | SUBSIDIARIES | |
dc.subject | SUBSIDIARY | |
dc.subject | SUPERVISORY AUTHORITIES | |
dc.subject | TAX | |
dc.subject | TAX ADMINISTRATION | |
dc.subject | TAX COMPLIANCE | |
dc.subject | TAX RATE | |
dc.subject | TAX RATES | |
dc.subject | TAXATION | |
dc.subject | TRACK RECORD | |
dc.subject | TRADE BALANCE | |
dc.subject | TRADE LIBERALIZATION | |
dc.subject | TRADE RELATIONS | |
dc.subject | TRANSPARENCY | |
dc.subject | UNEMPLOYMENT RATE | |
dc.subject | UNEMPLOYMENT RATES | |
dc.subject | VOLATILE ENVIRONMENT | |
dc.subject | WAGES | |
dc.title | South East Europe Regular Economic Report, June 2012 | en |
dc.title.alternative | Jugoistocna Evropa - Redovni ekonomski izvestaj | en |
dspace.entity.type | Publication | |
okr.date.disclosure | 2012-06-06 | |
okr.doctype | Economic & Sector Work :: General Economy, Macroeconomics and Growth Study | |
okr.doctype | Economic & Sector Work | |
okr.docurl | http://documents.worldbank.org/curated/en/2012/06/16336076/south-east-europe-regular-economic-report | |
okr.globalpractice | Macroeconomics and Fiscal Management | |
okr.globalpractice | Finance and Markets | |
okr.globalpractice | Trade and Competitiveness | |
okr.identifier.externaldocumentum | 000333037_20120606021856 | |
okr.identifier.internaldocumentum | 16336076 | |
okr.identifier.report | 69573 | |
okr.language.supported | en | |
okr.pdfurl | http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/06/000333037_20120606021856/Rendered/PDF/695730WP0SEERE00Box369256B00PUBLIC0.pdf | en |
okr.region.administrative | Europe and Central Asia | |
okr.sector | Public Administration, Law, and Justice :: General public administration sector | |
okr.sector | Industry and trade :: General industry and trade sector | |
okr.sector | Finance :: General finance sector | |
okr.sector | Agriculture, fishing, and forestry :: General agriculture, fishing and forestry sector | |
okr.theme | Economic management :: Macroeconomic management | |
okr.theme | Economic management :: Analysis of economic growth | |
okr.topic | Finance and Financial Sector Development :: Debt Markets | |
okr.topic | Banks & Banking Reform | |
okr.topic | Private Sector Development :: Emerging Markets | |
okr.topic | Economic Theory & Research | |
okr.topic | Finance and Financial Sector Development :: Access to Finance | |
okr.topic | Macroeconomics and Economic Growth | |
okr.unit | Poverty Reduction/Econ Mngmt (ECSPE) |
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