Recovery Beating Expectations
By: Astrov, Vasily.
Contributor(s): Bykova, Alexandra | Dobrinsky, Rumen | Duraković, Selena | Grieveson, Richard | Hanzl-Weiss, Doris | Hunya, Gabor
| Jovanović, Branimir | Korpar, Niko | Leitner, Sebastian | Mara, Isilda | Pindyuk, Olga | Podkaminer, Leon | Richter, Sandor | Ströhm, Bernd Christoph | Tverdostup, Maryna.
Material type: 
BookSeries: wiiw Forecast Reports: Autumn 2021Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2021Description: 139 S., 30 Tables, and 46 Figures, 30cm.ISBN: 9783852090740.Subject(s): CESEE | economic forecast | Central and Eastern Europe | Western Balkans | EU | euro area | CIS | Turkey | US | convergence | business cycle | coronavirus | coronavirus restrictions | coronavirus vaccination | Recovery and Resilience Facility | private consumption | credit | investment | exports | labour markets | unemployment | short-time work schemes | monetary policy | fiscal policyCountries covered: Albania | Belarus | Bosnia and Herzegovina | Bulgaria | Central and East Europe | CESEE | CIS | Croatia | Czechia | Estonia | Euro Area | European Union | Hungary | Kazakhstan | Kosovo | Latvia | Lithuania | Moldova | Montenegro | North Macedonia | Poland | Romania | Russia | Serbia | Slovakia | Slovenia | Southeast Europe | Turkey | Ukraine | US | Western Balkanswiiw Research Areas: Macroeconomic Analysis and Policy | International Trade, Competitiveness and FDIClassification: E20 | E21 | E22 | E24 | E32 | E5 | E62 | F21 | F31 | H60 | I18 | J20 | J30 | O47 | O52 | O57 | P24 | P27 | P33 | P52 Online resources: Click here to access online Summary: The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies to the pandemic and the increasing reluctance of their governments to impose restrictions. Labour markets have recovered, too; labour shortages have been on the rise, albeit, paradoxically, underemployment is still an issue. Despite the recent rise in inflation, driven mostly by supply-side disruptions and energy prices, there have been so far few signs of overheating in the region. The pace of recovery is projected to slow to 3.7% next year and 3.5% in 2023. The risks to this forecast are mostly on the downside, and include particularly unfavourable COVID-19 developments, premature fiscal consolidation, and the upcoming monetary tapering in the US.
| Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Paper | WIIW Library | 7.715/Autumn 2021 (Browse shelf(Opens below)) | Autumn 2021 | Available | 1000010005933 |
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| 7.715/Autumn 2018 Strong Growth Amid Increased Negative Risks | 7.715/Autumn 2019 Braced for Fallout from Global Slowdown | 7.715/Autumn 2020 No Quick Recovery in Sight, with Coronavirus Risks Looming Large | 7.715/Autumn 2021 Recovery Beating Expectations | 7.715/Autumn 2022 Bracing for the Winter | 7.715/Autumn 2023 Beneath the Veneer of Calm | 7.715/Spring 2014 Investment to the Rescue |
The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies to the pandemic and the increasing reluctance of their governments to impose restrictions. Labour markets have recovered, too; labour shortages have been on the rise, albeit, paradoxically, underemployment is still an issue. Despite the recent rise in inflation, driven mostly by supply-side disruptions and energy prices, there have been so far few signs of overheating in the region. The pace of recovery is projected to slow to 3.7% next year and 3.5% in 2023. The risks to this forecast are mostly on the downside, and include particularly unfavourable COVID-19 developments, premature fiscal consolidation, and the upcoming monetary tapering in the US.
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