How will Fiscal Austerity Dampen Growth in 2010-11?
By Franziska Ohnsorge and Veronika Zavacka
Pre-crisis, underlying fiscal positions of EBRD countries were significantly worse than apparent in headline fiscal deficits.
Until 2007, many countries in the EBRD region enjoyed high real GDP growth which inflated tax …
Fostering growth in CEE countries: a country-tailored approach to growth policy
Co-authors: Philippe Aghion and Natalia Weisshaar
How to foster sustained growth in CEE countries
Before the onset of the global financial crisis, transition countries, particularly in Central and Eastern Europe, had embarked on what appeared to be strong and sustainable growth …
Intraregional trade: Blessing or Curse?
The region’s export ties have changed fundamentally over the decade—away from the advanced EU15 and towards either regional neighbours or non-EU and non-CIS countries. Especially, the Baltic countries and South Eastern Europe almost doubled the share of within regional exports …
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