Wednesday, December 18, 2013

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[IWS] World Bank: EU 11 REGULAR ECONOMIC REPORT: PROMOTING SHARED PROSPERITY DURING A WEAK RECOVERY IN CENTRAL AND EASTERN EUROPE [18 December 2013]

IWS Documented News Service

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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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World Bank

 

EU 11 regular economic report : Promoting shared prosperity during a weak recovery in Central and Eastern Europe (English) [18 December 2013]

http://documents.worldbank.org/curated/en/2013/12/18672207/promoting-shared-prosperity-during-weak-recovery-central-eastern-europe

or

http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/12/18/000442464_20131218143416/Rendered/PDF/834260WP0P14770Box0382086B00PUBLIC0.pdf

[full-text, 65 pages]

 

Press Release 18 December 2013

Bulgaria’s Growth Picks up, but at Slower Pace Compared to Most of the New EU Member States, says World Bank

http://www.worldbank.org/en/news/press-release/2013/12/18/bulgarias-growth-picks-up-but-at-slower-pace-compared-to-most-of-the-new-eu-member-states-says-world-bank

 

Abstract

 

Economic prospects for the 11 European Union (EU) member states that joined after 2004 started to improve during 2013, as the situation in the Euro area stabilized and domestic policies bolstered growth. Economic growth across the EU11 is expected to continue to pick up in 2014 and to become more balanced, with rising domestic demand. Fiscal adjustment will resume in 2014, with domestic demand helping to rebuild revenue, but at a relatively gradual pace in order to support economic growth. Rising global interest rates coupled with volatile capital markets, can slow the Euro area recovery and hamper domestic demand, particularly investment, in EU11. The bottom forty percent in the EU11 tends to be concentrated in low skilled, young or older unemployed, and minority groups. Countries will need to accelerate economic growth and job creation, in an environment in which fiscal and credit constraints are more binding and household coping mechanisms have been weakened by the crisis. This report covers economic developments, prospects, and policies in 11 EU member states- Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia. The regular economic report (RER) comprises two parts: a macroeconomic report, and a special topic on an issue of economic policy interest in EU11.

 

 

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