EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe

Economic growth is expected to almost double in EU111 in 2014, and continues to strengthen in 2015. Overall EU11 GDP growth is forecast to strengthen from 1.4 percent in 2013 to 2.6 percent in 2014. The initial reliance on net export growth, with r...

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Bibliographic Details
Main Author: World Bank
Format: Economic Updates and Modeling
Language:English
en_US
Published: Washington, DC 2014
Subjects:
CDS
EIB
GDP
NPL
Online Access:http://documents.worldbank.org/curated/en/2014/07/20455944/strengthening-recovery-central-eastern-europe
http://hdl.handle.net/10986/21040
id okr-10986-21040
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic AGRICULTURE
ASSET MANAGEMENT
ASSET QUALITY
ASSET-BACKED SECURITIES
BALANCE SHEET
BANK BALANCE SHEETS
BANK EXPOSURE
BANK FINANCING
BANK FOR INTERNATIONAL SETTLEMENTS
BANK LENDING
BANK LINKAGES
BANK RECAPITALIZATION
BANKING SECTOR
BANKING SECTORS
BANKING SYSTEM
BANKRUPTCY
BASIS POINTS
BOND
BOND SWAP
BOOK-ENTRY
CAPITAL EXPENDITURES
CAPITAL FLIGHT
CAPITAL FLOW
CAPITAL FLOWS
CAPITAL INFLOWS
CAPITAL MARKETS
CAPITAL STOCK
CDS
CENTRAL BANK
CENTRAL BANKS
COMMODITY PRICE
COMMODITY PRICES
COMPETITIVENESS
CONSOLIDATION
CONSUMER LOANS
CONSUMER PRICE INDEX
CONSUMPTION EXPENDITURE
CONSUMPTION TAXES
CORPORATE BONDS
CREDIT DEFAULT
CREDIT DEFAULT SWAP
CREDIT GROWTH
CREDIT RATING
CREDIT RATINGS
CREDIT RISKS
CURRENCY
CURRENT ACCOUNT DEFICIT
CURRENT ACCOUNT DEFICITS
CURRENT ACCOUNT SURPLUSES
DEBT
DEBT BURDENS
DEBT CRISES
DEBT CRISIS
DEBT LEVELS
DEFLATION
DEMAND FOR CREDIT
DEPOSIT
DEPOSITS
DEVALUATION
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING COUNTRY EQUITY
DOMESTIC MARKETS
DURABLE
ECONOMIC CONDITIONS
ECONOMIC DEVELOPMENTS
ECONOMIC EXPANSION
ECONOMIC GROWTH
ECONOMIC OUTLOOK
EIB
EMERGING ECONOMIES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMERGING MARKETS
EQUITY CAPITAL
EQUITY INVESTMENT
EQUITY MARKETS
EUROPEAN CENTRAL BANK
EXCHANGE RATE
EXCHANGE RATES
EXPENDITURES
EXPORT GROWTH
EXPORTS
EXTERNAL FUNDING
FEDERAL RESERVE
FEDERAL RESERVE BANK
FINANCIAL FLOWS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTOR INDICATORS
FINANCIAL SUSTAINABILITY
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICY
FLOATING EXCHANGE RATES
FORECASTS
FOREIGN BANK
FOREIGN BANKS
FOREIGN CAPITAL
FOREIGN CURRENCY
FOREIGN DIRECT INVESTMENT
FULL EMPLOYMENT
GDP
GDP PER CAPITA
GLOBAL FINANCIAL STABILITY
GOVERNMENT BONDS
GOVERNMENT REVENUES
GROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT GROWTH
GROWTH RATE
HOST COUNTRY
HOUSEHOLD INCOMES
HOUSEHOLD SAVING
HOUSING
HUMAN CAPITAL
INCOME
INCOME GROWTH
INCOME INEQUALITIES
INCOME TAX
INDEBTEDNESS
INFLATION
INFLATION RATE
INFLATION RATES
INSTITUTIONAL INVESTORS
INTEREST PAYMENTS
INTEREST RATE
INTEREST RATES
INTERNATIONAL BANK
INTERNATIONAL BANKING
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL MARKETS
INTERNATIONAL FINANCIAL STATISTICS
INTERNATIONAL SETTLEMENTS
INVENTORIES
INVESTMENT ACTIVITY
INVESTMENT PROJECTS
INVESTMENT RATES
JUDICIAL SYSTEM
LABOR COSTS
LABOR MARKET
LABOR MARKETS
LEGAL FRAMEWORKS
LIQUIDITY
LOAN
LOCAL MARKETS
LONG-TERM INTEREST
LONG-TERM INTEREST RATES
MACROECONOMIC PERFORMANCE
MACROECONOMIC POLICIES
MACROECONOMIC STABILIZATION
MARKET CONDITIONS
MIDDLE INCOME COUNTRIES
MINISTRIES OF FINANCE
MONETARY FUND
MONETARY POLICIES
MONETARY POLICY
NET EXPORTS
NON-PERFORMING LOAN
NON-PERFORMING LOANS
NONPERFORMING LOANS
NPL
PENSION
PENSION REFORM
PENSION SYSTEM
PENSIONS
PER CAPITA INCOME
PORTFOLIO
PORTFOLIO INVESTMENT
PORTFOLIO INVESTMENTS
PORTFOLIOS
PRICE DECLINES
PRICE STABILITY
PRIVATE CAPITAL
PRODUCTIVITY
PUBLIC DEBT
PUBLIC FINANCES
PUBLIC INVESTMENT
PUBLIC SECTOR BORROWING
PURCHASING POWER
RATES OF INFLATION
REAL ESTATE LOANS
REAL GDP
REAL INTEREST
REAL INTEREST RATES
REAL SECTOR
RECAPITALIZATION
RECESSION
REGULATORY FRAMEWORK
REGULATORY FRAMEWORKS
RETURN
RISK AVERSION
RISK FACTOR
SECURITIES
SECURITIES MARKETS
SOLVENCY
SOVEREIGN BONDS
SOVEREIGN DEBT
SOVEREIGN RATING
SOVEREIGN RATINGS
STOCKS
SUBSIDIARIES
SUBSIDIARY
SUPPLY OF CREDIT
TAX RATE
TAXATION
TOTAL FACTOR PRODUCTIVITY
TRADE BALANCES
TRADING
TRANSACTION
TRANSMISSION OF MONETARY POLICY
TRANSPARENCY
TREASURIES
TURNOVER
UNDERLYING ASSETS
UNEMPLOYMENT
UNEMPLOYMENT RATE
UNEMPLOYMENT RATES
VALUE ADDED
WAGES
WEALTH
WITHDRAWAL
spellingShingle AGRICULTURE
ASSET MANAGEMENT
ASSET QUALITY
ASSET-BACKED SECURITIES
BALANCE SHEET
BANK BALANCE SHEETS
BANK EXPOSURE
BANK FINANCING
BANK FOR INTERNATIONAL SETTLEMENTS
BANK LENDING
BANK LINKAGES
BANK RECAPITALIZATION
BANKING SECTOR
BANKING SECTORS
BANKING SYSTEM
BANKRUPTCY
BASIS POINTS
BOND
BOND SWAP
BOOK-ENTRY
CAPITAL EXPENDITURES
CAPITAL FLIGHT
CAPITAL FLOW
CAPITAL FLOWS
CAPITAL INFLOWS
CAPITAL MARKETS
CAPITAL STOCK
CDS
CENTRAL BANK
CENTRAL BANKS
COMMODITY PRICE
COMMODITY PRICES
COMPETITIVENESS
CONSOLIDATION
CONSUMER LOANS
CONSUMER PRICE INDEX
CONSUMPTION EXPENDITURE
CONSUMPTION TAXES
CORPORATE BONDS
CREDIT DEFAULT
CREDIT DEFAULT SWAP
CREDIT GROWTH
CREDIT RATING
CREDIT RATINGS
CREDIT RISKS
CURRENCY
CURRENT ACCOUNT DEFICIT
CURRENT ACCOUNT DEFICITS
CURRENT ACCOUNT SURPLUSES
DEBT
DEBT BURDENS
DEBT CRISES
DEBT CRISIS
DEBT LEVELS
DEFLATION
DEMAND FOR CREDIT
DEPOSIT
DEPOSITS
DEVALUATION
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING COUNTRY EQUITY
DOMESTIC MARKETS
DURABLE
ECONOMIC CONDITIONS
ECONOMIC DEVELOPMENTS
ECONOMIC EXPANSION
ECONOMIC GROWTH
ECONOMIC OUTLOOK
EIB
EMERGING ECONOMIES
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMERGING MARKETS
EQUITY CAPITAL
EQUITY INVESTMENT
EQUITY MARKETS
EUROPEAN CENTRAL BANK
EXCHANGE RATE
EXCHANGE RATES
EXPENDITURES
EXPORT GROWTH
EXPORTS
EXTERNAL FUNDING
FEDERAL RESERVE
FEDERAL RESERVE BANK
FINANCIAL FLOWS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTOR INDICATORS
FINANCIAL SUSTAINABILITY
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICY
FLOATING EXCHANGE RATES
FORECASTS
FOREIGN BANK
FOREIGN BANKS
FOREIGN CAPITAL
FOREIGN CURRENCY
FOREIGN DIRECT INVESTMENT
FULL EMPLOYMENT
GDP
GDP PER CAPITA
GLOBAL FINANCIAL STABILITY
GOVERNMENT BONDS
GOVERNMENT REVENUES
GROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT GROWTH
GROWTH RATE
HOST COUNTRY
HOUSEHOLD INCOMES
HOUSEHOLD SAVING
HOUSING
HUMAN CAPITAL
INCOME
INCOME GROWTH
INCOME INEQUALITIES
INCOME TAX
INDEBTEDNESS
INFLATION
INFLATION RATE
INFLATION RATES
INSTITUTIONAL INVESTORS
INTEREST PAYMENTS
INTEREST RATE
INTEREST RATES
INTERNATIONAL BANK
INTERNATIONAL BANKING
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL MARKETS
INTERNATIONAL FINANCIAL STATISTICS
INTERNATIONAL SETTLEMENTS
INVENTORIES
INVESTMENT ACTIVITY
INVESTMENT PROJECTS
INVESTMENT RATES
JUDICIAL SYSTEM
LABOR COSTS
LABOR MARKET
LABOR MARKETS
LEGAL FRAMEWORKS
LIQUIDITY
LOAN
LOCAL MARKETS
LONG-TERM INTEREST
LONG-TERM INTEREST RATES
MACROECONOMIC PERFORMANCE
MACROECONOMIC POLICIES
MACROECONOMIC STABILIZATION
MARKET CONDITIONS
MIDDLE INCOME COUNTRIES
MINISTRIES OF FINANCE
MONETARY FUND
MONETARY POLICIES
MONETARY POLICY
NET EXPORTS
NON-PERFORMING LOAN
NON-PERFORMING LOANS
NONPERFORMING LOANS
NPL
PENSION
PENSION REFORM
PENSION SYSTEM
PENSIONS
PER CAPITA INCOME
PORTFOLIO
PORTFOLIO INVESTMENT
PORTFOLIO INVESTMENTS
PORTFOLIOS
PRICE DECLINES
PRICE STABILITY
PRIVATE CAPITAL
PRODUCTIVITY
PUBLIC DEBT
PUBLIC FINANCES
PUBLIC INVESTMENT
PUBLIC SECTOR BORROWING
PURCHASING POWER
RATES OF INFLATION
REAL ESTATE LOANS
REAL GDP
REAL INTEREST
REAL INTEREST RATES
REAL SECTOR
RECAPITALIZATION
RECESSION
REGULATORY FRAMEWORK
REGULATORY FRAMEWORKS
RETURN
RISK AVERSION
RISK FACTOR
SECURITIES
SECURITIES MARKETS
SOLVENCY
SOVEREIGN BONDS
SOVEREIGN DEBT
SOVEREIGN RATING
SOVEREIGN RATINGS
STOCKS
SUBSIDIARIES
SUBSIDIARY
SUPPLY OF CREDIT
TAX RATE
TAXATION
TOTAL FACTOR PRODUCTIVITY
TRADE BALANCES
TRADING
TRANSACTION
TRANSMISSION OF MONETARY POLICY
TRANSPARENCY
TREASURIES
TURNOVER
UNDERLYING ASSETS
UNEMPLOYMENT
UNEMPLOYMENT RATE
UNEMPLOYMENT RATES
VALUE ADDED
WAGES
WEALTH
WITHDRAWAL
World Bank
EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe
geographic_facet Europe and Central Asia
description Economic growth is expected to almost double in EU111 in 2014, and continues to strengthen in 2015. Overall EU11 GDP growth is forecast to strengthen from 1.4 percent in 2013 to 2.6 percent in 2014. The initial reliance on net export growth, with rising demand from the rest of the EU, is gradually giving way to more balanced growth as domestic demand picks-up, notably in Romania, Slovakia and Poland. Fiscal consolidation will continue in 2014 and 2015, but at a more gradual pace than in the previous years. The overall EU11 fiscal deficit is expected to drop to 2.9 percent of GDP in 2014 and to 2.5 percent of GDP in 2015. However, there is a need for larger adjustments in Croatia and Slovenia to achieve sustainable deficit and debt levels. Economic growth forecasts in the EU11 are subject to multiple risks, mainly on the downside, as the global financial situation remains fragile. While labor market conditions have started to improve, the pace of job creation and reduction in unemployment rates are likely to be gradual.
format Economic & Sector Work :: Economic Updates and Modeling
author World Bank
author_facet World Bank
author_sort World Bank
title EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe
title_short EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe
title_full EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe
title_fullStr EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe
title_full_unstemmed EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe
title_sort eu11 regular economic report, issue #29, july 2014 : strengthening recovery in central and eastern europe
publisher Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2014/07/20455944/strengthening-recovery-central-eastern-europe
http://hdl.handle.net/10986/21040
_version_ 1764447590367100928
spelling okr-10986-210402021-04-23T14:04:00Z EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe World Bank AGRICULTURE ASSET MANAGEMENT ASSET QUALITY ASSET-BACKED SECURITIES BALANCE SHEET BANK BALANCE SHEETS BANK EXPOSURE BANK FINANCING BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK LINKAGES BANK RECAPITALIZATION BANKING SECTOR BANKING SECTORS BANKING SYSTEM BANKRUPTCY BASIS POINTS BOND BOND SWAP BOOK-ENTRY CAPITAL EXPENDITURES CAPITAL FLIGHT CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL STOCK CDS CENTRAL BANK CENTRAL BANKS COMMODITY PRICE COMMODITY PRICES COMPETITIVENESS CONSOLIDATION CONSUMER LOANS CONSUMER PRICE INDEX CONSUMPTION EXPENDITURE CONSUMPTION TAXES CORPORATE BONDS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT GROWTH CREDIT RATING CREDIT RATINGS CREDIT RISKS CURRENCY CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUSES DEBT DEBT BURDENS DEBT CRISES DEBT CRISIS DEBT LEVELS DEFLATION DEMAND FOR CREDIT DEPOSIT DEPOSITS DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING COUNTRY EQUITY DOMESTIC MARKETS DURABLE ECONOMIC CONDITIONS ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OUTLOOK EIB EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EQUITY CAPITAL EQUITY INVESTMENT EQUITY MARKETS EUROPEAN CENTRAL BANK EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL FUNDING FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR INDICATORS FINANCIAL SUSTAINABILITY FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FLOATING EXCHANGE RATES FORECASTS FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FULL EMPLOYMENT GDP GDP PER CAPITA GLOBAL FINANCIAL STABILITY GOVERNMENT BONDS GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT GROWTH GROWTH RATE HOST COUNTRY HOUSEHOLD INCOMES HOUSEHOLD SAVING HOUSING HUMAN CAPITAL INCOME INCOME GROWTH INCOME INEQUALITIES INCOME TAX INDEBTEDNESS INFLATION INFLATION RATE INFLATION RATES INSTITUTIONAL INVESTORS INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKING INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL SETTLEMENTS INVENTORIES INVESTMENT ACTIVITY INVESTMENT PROJECTS INVESTMENT RATES JUDICIAL SYSTEM LABOR COSTS LABOR MARKET LABOR MARKETS LEGAL FRAMEWORKS LIQUIDITY LOAN LOCAL MARKETS LONG-TERM INTEREST LONG-TERM INTEREST RATES MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC STABILIZATION MARKET CONDITIONS MIDDLE INCOME COUNTRIES MINISTRIES OF FINANCE MONETARY FUND MONETARY POLICIES MONETARY POLICY NET EXPORTS NON-PERFORMING LOAN NON-PERFORMING LOANS NONPERFORMING LOANS NPL PENSION PENSION REFORM PENSION SYSTEM PENSIONS PER CAPITA INCOME PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIO INVESTMENTS PORTFOLIOS PRICE DECLINES PRICE STABILITY PRIVATE CAPITAL PRODUCTIVITY PUBLIC DEBT PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR BORROWING PURCHASING POWER RATES OF INFLATION REAL ESTATE LOANS REAL GDP REAL INTEREST REAL INTEREST RATES REAL SECTOR RECAPITALIZATION RECESSION REGULATORY FRAMEWORK REGULATORY FRAMEWORKS RETURN RISK AVERSION RISK FACTOR SECURITIES SECURITIES MARKETS SOLVENCY SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN RATING SOVEREIGN RATINGS STOCKS SUBSIDIARIES SUBSIDIARY SUPPLY OF CREDIT TAX RATE TAXATION TOTAL FACTOR PRODUCTIVITY TRADE BALANCES TRADING TRANSACTION TRANSMISSION OF MONETARY POLICY TRANSPARENCY TREASURIES TURNOVER UNDERLYING ASSETS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES VALUE ADDED WAGES WEALTH WITHDRAWAL Economic growth is expected to almost double in EU111 in 2014, and continues to strengthen in 2015. Overall EU11 GDP growth is forecast to strengthen from 1.4 percent in 2013 to 2.6 percent in 2014. The initial reliance on net export growth, with rising demand from the rest of the EU, is gradually giving way to more balanced growth as domestic demand picks-up, notably in Romania, Slovakia and Poland. Fiscal consolidation will continue in 2014 and 2015, but at a more gradual pace than in the previous years. The overall EU11 fiscal deficit is expected to drop to 2.9 percent of GDP in 2014 and to 2.5 percent of GDP in 2015. However, there is a need for larger adjustments in Croatia and Slovenia to achieve sustainable deficit and debt levels. Economic growth forecasts in the EU11 are subject to multiple risks, mainly on the downside, as the global financial situation remains fragile. While labor market conditions have started to improve, the pace of job creation and reduction in unemployment rates are likely to be gradual. 2014-12-30T22:05:47Z 2014-12-30T22:05:47Z 2014-07 http://documents.worldbank.org/curated/en/2014/07/20455944/strengthening-recovery-central-eastern-europe http://hdl.handle.net/10986/21040 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Economic Updates and Modeling Europe and Central Asia