Chart of the Week: Central and Eastern Europe Close the Gap

2019-03-25T15:48:26-04:00May 22, 2017|

By IMFBlog

May 22, 2017

Version in Русский (Russian)

Most of the countries of Central, Eastern, and Southeastern Europe will see their economies humming away at a strong growth rate in 2017. A measure of their success at fully utilizing their economic machine is the output gapthe difference between what the economy is currently producing, and what it can produce when it is at full capacity.

Our Chart of the Week from a recently published report on the Central, Eastern, and Southeastern European region […]

Europe’s Russian Connections

2017-04-14T01:58:04-04:00August 1, 2014|

By Aasim M. Husain, Anna Ilyina and Li Zeng

(Version in Русский)

The conflict in Ukraine and the related imposition of sanctions against Russia signal an escalation of geopolitical tensions that is already being felt in the Russian financial markets (Chart 1). A deterioration in the conflict, with or even without a further escalation of sanctions and counter-sanctions, could have a substantial adverse impact on the Russian economy through direct and indirect (confidence) channels.

Chart 1

CESEE-Blog_7-30-14_final.001[…]

Central, Eastern, and South-Eastern Europe: Safeguarding the Recovery as the Global Liquidity Tide Recedes

2017-04-14T02:02:04-04:00April 29, 2014|

By Reza Moghadam, Aasim M. Husain, and Anna Ilyina

(Version in Türk)

Growth is gathering momentum in most of Central, Eastern, and South-Eastern Europe (CESEE) in the wake of the recovery in the euro area. Excluding the largest economies—Russia and Turkey—the IMF’s latest Regional Economic Issues report  projects the region to grow 2.3 percent in 2014, almost twice last year’s pace. This is certainly good news.

Figure 1

[…]

Growing Institutions? Grow the People!

2017-04-15T14:04:13-04:00August 10, 2012|

The current crisis in the eurozone also highlights the importance of coherent economic and political institutions at all levels of economic development. Weaknesses in national macroeconomic and statistical institutions in supposedly “advanced” countries were at the root of the crisis, especially in Greece. And the lack of supportive fiscal and regulatory institutions at the European level—which require making additional steps in political integration—is behind the markets’ continued anxiety surrounding the common European currency.

Lost & Found in Eastern Europe: Replacing Funding by Western Europe’s Banks

2017-04-15T14:07:03-04:00June 13, 2012|

There is little doubt the era of generous funding from Western Europe's banks to their subsidiaries in the East is over, but this doens't have to translate into a reduction of bank credit in the emerging economies of Europe. The IMF's latest analysis shows an increase in local deposits in most countries of the region has offset the withdrawal of funding from Western Europe.
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