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001			pwiiw6997
003			OSt
005			20260518120020.0
008			240909t2024 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aE61 _aF15 _aF43 _aO47 _2jelc
100	1		_aSlačík, Tomáš
245	1	0	_aStill in the Fast Lane? How can EU-CEE Get its Groove Back?
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2024.
300			_a52 S., _b7 Tables and 27 Figures, _c30cm.
490	1		_awiiw Research Reports _v475
520			_aThis report revisits the growth and convergence performance of the 11 EU member states in Central, East and Southeast Europe (EU-CEE11) over the past few decades, examining the underlying drivers, structural changes and the outlook. The review aims to assess the sustainability of the current economic model and identify areas for economic policy to focus on boosting growth. The findings show that convergence has significantly slowed since the global financial crisis, with value added growth declining in virtually all industries. This slowdown is attributed to structural rather than cyclical factors, with total factor productivity (TFP) being the main driver as well as the primary culprit behind the deceleration. Since medium-term growth projections for the region are not optimistic, the EU-CEE11 countries must make substantial efforts to improve their economic models. Key areas to focus on include energy, underutilised labour and improving human capital. While still very competitive, the manufacturing sector needs to move towards higher value added activities.
650			_agrowth
650			_aconvergence
650			_agrowth model
650			_aEU-CEE11
651			_aNew EU Member States
690			_aInternational Trade, Competitiveness and FDI
830		0	_v475 _wWIIW0000048 _twiiw Research Reports
856	4	0	_uhttps://wiiw.ac.at/p-6997.html
942			_cP
999			_c9111 _d9111