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

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
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	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
Online Access:	http://documents.worldbank.org/curated/en/2014/07/20455944/strengthening-recovery-central-eastern-europe http://hdl.handle.net/10986/21040

Description
Summary:	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.

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

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