EU11 Regular Economic Report, Issue #28, December 2013 : Promoting Shared Prosperity during a Weak Recovery in Central and Eastern Europe

Economic prospects for the 11 European Union (EU) member states that joined after 2004 started to improve during 2013, as the situation in the Euro area stabilized and domestic policies bolstered growth. Economic growth across the EU11 is expected...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTABILITY ACCOUNTING ADVANCED ECONOMIES AMOUNT OF RISK ARREARS ASSET CLASSES ASSET PRICES ASSET QUALITY BALANCE SHEET BALANCE SHEETS BALANCE-SHEET BANK EXPOSURE BANK FAILURE BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK OF ENGLAND BANK OF JAPAN BANK RECAPITALIZATION BANKING SECTOR BANKING SECTORS BANKING SUPERVISION BANKING SYSTEM BANKING UNION BARRIERS TO ENTRY BASIS POINTS BENEFICIARIES BOND BOND FINANCING BOND ISSUANCE BOND YIELDS BONDHOLDERS BORROWING BORROWING COSTS BUDGET DEFICITS BUSINESS CONFIDENCE BUSINESS CYCLE CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CDS CENTRAL BANKS CONSOLIDATION CONSUMER CONFIDENCE CONSUMER LOANS CONSUMER PRICE INDEX CONSUMPTION EXPENDITURE CONSUMPTION TAXES CREDIT CONSTRAINTS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT GROWTH CREDIT RATINGS CREDIT RISKS CREDITORS CROSS-BORDER FLOWS CURRENT ACCOUNT CURRENT ACCOUNT SURPLUS DEBT DEBT CRISIS DEBT FLOWS DEBT LEVELS DEBT RATIO DEBT RATIOS DEBT SERVICE DEBTS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DISPOSABLE INCOME EARNINGS ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC POLICY EIB EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EMPLOYEE EMPLOYER EMPLOYERS EMPLOYMENT EMPLOYMENT GROWTH ENTERPRISE GROWTH ENTREPRENEURS ENTREPRENEURSHIP EQUALITY EQUALITY OF OPPORTUNITY EQUIPMENT EQUITY CAPITAL EUROPEAN CENTRAL BANK EXCHANGE RATE EXCLUSION EXPENDITURES EXPORT GROWTH EXPORT PERFORMANCE EXTERNAL FINANCING FEDERAL RESERVE FINANCIAL CRISIS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL SECTOR INDICATORS FINANCIAL SECTOR REFORMS FINANCIAL STABILITY FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FLOATING EXCHANGE RATES FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN INVESTMENT FUNDING SOURCES GLOBAL CAPITAL GLOBAL FINANCIAL STABILITY GLOBAL MARKETS GOVERNMENT BOND GOVERNMENT BOND YIELDS GOVERNMENT BONDS GROSS DOMESTIC PRODUCT GUARANTEE SCHEMES HOUSEHOLDS INCOME GROWTH INEQUALITY INFLATION INFLATION RATE INFLATION RATES INFLATIONARY PRESSURES INFORMATION ON CREDIT INSTITUTIONAL INVESTORS INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INVESTMENT DECISIONS INVESTMENT FUNDS ISSUANCE JOB CREATION LABOR MARKET LABOR MARKETS LABOR MOBILITY LAWS LEGAL FRAMEWORKS LENDING CONDITIONS LEVY LIQUIDITY LOAN LOAN-TO-DEPOSIT RATIOS LONG-TERM COST LONG-TERM INTEREST LONG-TERM INTEREST RATES MACROECONOMICS MARKET CONDITIONS MARKET REFORMS MINIMUM WAGE MINISTRIES OF FINANCE MINORITY GROUPS MONETARY FUND MONETARY POLICY NON-PERFORMING LOANS NONPERFORMING LOANS NPL PENSION PENSION FUNDS PENSION SYSTEM PENSIONS PERSONAL INCOME POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INVESTMENTS PRIVATE INVESTMENT PRODUCTIVITY PROFITABILITY PRUDENTIAL REGULATION PUBLIC DEBT PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PURCHASING POWER PURCHASING POWER PARITIES RATES OF INFLATION REAL ESTATE REAL ESTATE LOANS RECESSION REGULATORY FORBEARANCE REGULATORY FRAMEWORK REPAYMENTS RISK AVERSION SAVINGS SHADOW ECONOMY SHAREHOLDERS SOVEREIGN DEBT SOVEREIGN RATING SOVEREIGN RATINGS SOVEREIGN RISK SUBSIDIARIES SUBSIDIARY SUPERVISORY FRAMEWORK SUPPLY OF CREDIT SYSTEMIC RISK TAX TAX COLLECTION TAX RELIEF TECHNICAL ASSISTANCE TRADE BALANCES TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPORT TREASURY TURNOVER UNEMPLOYMENT VULNERABLE GROUPS WAGES WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2013/12/18672207/promoting-shared-prosperity-during-weak-recovery-central-eastern-europe http://hdl.handle.net/10986/16988

Description
Summary:	Economic prospects for the 11 European Union (EU) member states that joined after 2004 started to improve during 2013, as the situation in the Euro area stabilized and domestic policies bolstered growth. Economic growth across the EU11 is expected to continue to pick up in 2014 and to become more balanced, with rising domestic demand. Fiscal adjustment will resume in 2014, with domestic demand helping to rebuild revenue, but at a relatively gradual pace in order to support economic growth. Rising global interest rates coupled with volatile capital markets, can slow the Euro area recovery and hamper domestic demand, particularly investment, in EU11. The bottom forty percent in the EU11 tends to be concentrated in low skilled, young or older unemployed, and minority groups. Countries will need to accelerate economic growth and job creation, in an environment in which fiscal and credit constraints are more binding and household coping mechanisms have been weakened by the crisis. This report covers economic developments, prospects, and policies in 11 EU member states- Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia. The regular economic report (RER) comprises two parts: a macroeconomic report, and a special topic on an issue of economic policy interest in EU11.

EU11 Regular Economic Report, Issue #28, December 2013 : Promoting Shared Prosperity during a Weak Recovery in Central and Eastern Europe

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