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Sailing Through Rough Waters

By: Astrov, Vasily.
Contributor(s): Bykova, Alexandra | Dobrinsky, Rumen | Duraković, Selena | Gökten, Meryem | Grieveson, Richard | Hanzl-Weiss, Doris | Hunya, Gabor | Jovanović, Branimir | Korpar, Niko | Leitner, Sebastian | Mima, Ravik | Muck, Beate | Pindyuk, Olga | Richter, Sandor | Ströhm, Bernd Christoph | Tverdostup, Maryna | Vujanović, Nina | Zavarská, Zuzana | Żurawski, Adam.
Material type: materialTypeLabelBookSeries: wiiw Forecast Reports: Spring 2023Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2023Description: 148 S., 28 Tables and 53 Figures, 30cm.ISBN: 9783852090771.Subject(s): CESEE | Central and Eastern Europe | economic forecast | Western Balkans | Visegrad group | CIS | Ukraine | Russia | Turkey | euro area | EU | convergence | Russia-Ukraine war | Russia sanctions | commodity prices | inflation | energy crisis | gas | coal | renewable energy | electricity | monetary policy | fiscal policy | EU funds | purchasing power | remittances | external debt | interest rates | banking sector | financial liabilities | credit | impact on Austria | macroeconomic forecastingCountries 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 FDIClassification: E20 | E21 | E22 | E24 | E31 | E44 | E5 | E62 | F21 | F24 | F30 | F50 | F51 | H56 | H60 | J30 | O47 | O52 | O57 | P24 | P27 | P33 | P52 | Q40 | R30 Online resources: Click here to access online Summary: Although economic activity has weakened considerably compared to last year, most of the economies of CESEE seem to have largely digested the economic shock caused by the Russian invasion of Ukraine and its fallout. All CESEE economies except Hungary and Russia will post positive full-year growth in 2023. From 2024 the recovery should continue to strengthen across the region, although monetary tightening and the uncertain duration and outcome of the war are downside risks to the outlook.

Although economic activity has weakened considerably compared to last year, most of the economies of CESEE seem to have largely digested the economic shock caused by the Russian invasion of Ukraine and its fallout. All CESEE economies except Hungary and Russia will post positive full-year growth in 2023. From 2024 the recovery should continue to strengthen across the region, although monetary tightening and the uncertain duration and outcome of the war are downside risks to the outlook.

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The Vienna Instiute for International Economic Studies (wiiw)

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