EU11 Regular Economic Report, Issue #29, July 2014 : Strengthening Recovery in Central and Eastern Europe
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Washington, DC
Resumen
Descripción
Economic growth is expected to almost
double in EU111 in 2014, and continues to strengthen in
2015. Overall EU11 GDP growth is forecast to strengthen from
1.4 percent in 2013 to 2.6 percent in 2014. The initial
reliance on net export growth, with rising demand from the
rest of the EU, is gradually giving way to more balanced
growth as domestic demand picks-up, notably in Romania,
Slovakia and Poland. Fiscal consolidation will continue in
2014 and 2015, but at a more gradual pace than in the
previous years. The overall EU11 fiscal deficit is expected
to drop to 2.9 percent of GDP in 2014 and to 2.5 percent of
GDP in 2015. However, there is a need for larger adjustments
in Croatia and Slovenia to achieve sustainable deficit and
debt levels. Economic growth forecasts in the EU11 are
subject to multiple risks, mainly on the downside, as the
global financial situation remains fragile. While labor
market conditions have started to improve, the pace of job
creation and reduction in unemployment rates are likely to
be gradual.
Palabras clave
AGRICULTURE, ASSET MANAGEMENT, ASSET QUALITY, ASSET-BACKED SECURITIES, BALANCE SHEET, BANK BALANCE SHEETS, BANK EXPOSURE, BANK FINANCING, BANK FOR INTERNATIONAL SETTLEMENTS, BANK LENDING, BANK LINKAGES, BANK RECAPITALIZATION, BANKING SECTOR, BANKING SECTORS, BANKING SYSTEM, BANKRUPTCY, BASIS POINTS, BOND, BOND SWAP, BOOK-ENTRY, CAPITAL EXPENDITURES, CAPITAL FLIGHT, CAPITAL FLOW, CAPITAL FLOWS, CAPITAL INFLOWS, CAPITAL MARKETS, CAPITAL STOCK, CDS, CENTRAL BANK, CENTRAL BANKS, COMMODITY PRICE, COMMODITY PRICES, COMPETITIVENESS, CONSOLIDATION, CONSUMER LOANS, CONSUMER PRICE INDEX, CONSUMPTION EXPENDITURE, CONSUMPTION TAXES, CORPORATE BONDS, CREDIT DEFAULT, CREDIT DEFAULT SWAP, CREDIT GROWTH, CREDIT RATING, CREDIT RATINGS, CREDIT RISKS, CURRENCY, CURRENT ACCOUNT DEFICIT, CURRENT ACCOUNT DEFICITS, CURRENT ACCOUNT SURPLUSES, DEBT, DEBT BURDENS, DEBT CRISES, DEBT CRISIS, DEBT LEVELS, DEFLATION, DEMAND FOR CREDIT, DEPOSIT, DEPOSITS, DEVALUATION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING COUNTRY EQUITY, DOMESTIC MARKETS, DURABLE, ECONOMIC CONDITIONS, ECONOMIC DEVELOPMENTS, ECONOMIC EXPANSION, ECONOMIC GROWTH, ECONOMIC OUTLOOK, EIB, EMERGING ECONOMIES, EMERGING MARKET, EMERGING MARKET ECONOMIES, EMERGING MARKETS, EQUITY CAPITAL, EQUITY INVESTMENT, EQUITY MARKETS, EUROPEAN CENTRAL BANK, EXCHANGE RATE, EXCHANGE RATES, EXPENDITURES, EXPORT GROWTH, EXPORTS, EXTERNAL FUNDING, FEDERAL RESERVE, FEDERAL RESERVE BANK, FINANCIAL FLOWS, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SECTOR INDICATORS, FINANCIAL SUSTAINABILITY, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL POLICY, FLOATING EXCHANGE RATES, FORECASTS, FOREIGN BANK, FOREIGN BANKS, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FULL EMPLOYMENT, GDP, GDP PER CAPITA, GLOBAL FINANCIAL STABILITY, GOVERNMENT BONDS, GOVERNMENT REVENUES, GROSS DOMESTIC PRODUCT, GROSS DOMESTIC PRODUCT GROWTH, GROWTH RATE, HOST COUNTRY, HOUSEHOLD INCOMES, HOUSEHOLD SAVING, HOUSING, HUMAN CAPITAL, INCOME, INCOME GROWTH, INCOME INEQUALITIES, INCOME TAX, INDEBTEDNESS, INFLATION, INFLATION RATE, INFLATION RATES, INSTITUTIONAL INVESTORS, INTEREST PAYMENTS, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL BANKING, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL MARKETS, INTERNATIONAL FINANCIAL STATISTICS, INTERNATIONAL SETTLEMENTS, INVENTORIES, INVESTMENT ACTIVITY, INVESTMENT PROJECTS, INVESTMENT RATES, JUDICIAL SYSTEM, LABOR COSTS, LABOR MARKET, LABOR MARKETS, LEGAL FRAMEWORKS, LIQUIDITY, LOAN, LOCAL MARKETS, LONG-TERM INTEREST, LONG-TERM INTEREST RATES, MACROECONOMIC PERFORMANCE, MACROECONOMIC POLICIES, MACROECONOMIC STABILIZATION, MARKET CONDITIONS, MIDDLE INCOME COUNTRIES, MINISTRIES OF FINANCE, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, NET EXPORTS, NON-PERFORMING LOAN, NON-PERFORMING LOANS, NONPERFORMING LOANS, NPL, PENSION, PENSION REFORM, PENSION SYSTEM, PENSIONS, PER CAPITA INCOME, PORTFOLIO, PORTFOLIO INVESTMENT, PORTFOLIO INVESTMENTS, PORTFOLIOS, PRICE DECLINES, PRICE STABILITY, PRIVATE CAPITAL, PRODUCTIVITY, PUBLIC DEBT, PUBLIC FINANCES, PUBLIC INVESTMENT, PUBLIC SECTOR BORROWING, PURCHASING POWER, RATES OF INFLATION, REAL ESTATE LOANS, REAL GDP, REAL INTEREST, REAL INTEREST RATES, REAL SECTOR, RECAPITALIZATION, RECESSION, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, RETURN, RISK AVERSION, RISK FACTOR, SECURITIES, SECURITIES MARKETS, SOLVENCY, SOVEREIGN BONDS, SOVEREIGN DEBT, SOVEREIGN RATING, SOVEREIGN RATINGS, STOCKS, SUBSIDIARIES, SUBSIDIARY, SUPPLY OF CREDIT, TAX RATE, TAXATION, TOTAL FACTOR PRODUCTIVITY, TRADE BALANCES, TRADING, TRANSACTION, TRANSMISSION OF MONETARY POLICY, TRANSPARENCY, TREASURIES, TURNOVER, UNDERLYING ASSETS, UNEMPLOYMENT, UNEMPLOYMENT RATE, UNEMPLOYMENT RATES, VALUE ADDED, WAGES, WEALTH, WITHDRAWAL