Bracing for the Winter
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 | Moshammer, Bernhard | Pindyuk, Olga | Richter, Sandor | Ströhm, Bernd Christoph | Tverdostup, Maryna | Vujanović, Nina | Zavarská, Zuzana | Żurawski, Adam | How, Marcus | Muck, Beate.
Material type: 
BookSeries: wiiw Forecast Reports: Autumn 2022Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2022Description: 172 S., 33 Tables and 62 Figures, 30cm.ISBN: 9783852090764.Subject(s): CESEE Central and Eastern Europe | economic forecast | Western Balkans | CIS | Ukraine | Russia | Turkey | EU | euro area | convergence | business cycle | coronavirus | COVID | labour markets | unemployment | Russia-Ukraine war | Russia sanctions | commodity prices | inflation | price controls | trade disruptions | Ukrainian refugees | energy crisis | gas | electricity | monetary policy | fiscal policy | impact on AustriaCountries covered: Albania | Austria | 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 FDI | Labour, Migration and Income DistributionClassification: 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: Economic growth in CESEE in the first half of 2022 was better than expected, and our growth forecasts for this year have been mostly revised upwards. However, global economic conditions are increasingly gloomy, and the worst is yet to come. Inflation is eroding real incomes, consumer confidence is evaporating, business sentiment is deteriorating, interest rates are soaring, and the fiscal space is shrinking. The war in Ukraine will most probably continue at least through 2023, with virtually no scope for a peace agreement. And on top of all that, there is the energy crunch. The CESEE region will probably grow only by 0.3% next year, close to the 0.2% growth that we assume for the euro area.
| Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Paper | WIIW Library | 7.715/Autumn 2022 (Browse shelf(Opens below)) | Autumn 2022 | Available | 1000010006364 |
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| 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 | 7.715/Spring 2015 A Time of Moderate Expectations |
Economic growth in CESEE in the first half of 2022 was better than expected, and our growth forecasts for this year have been mostly revised upwards. However, global economic conditions are increasingly gloomy, and the worst is yet to come. Inflation is eroding real incomes, consumer confidence is evaporating, business sentiment is deteriorating, interest rates are soaring, and the fiscal space is shrinking. The war in Ukraine will most probably continue at least through 2023, with virtually no scope for a peace agreement. And on top of all that, there is the energy crunch. The CESEE region will probably grow only by 0.3% next year, close to the 0.2% growth that we assume for the euro area.
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