Central, Eastern and Southeastern Europe (CESEE): Effective Government for Stronger Growth
Date: November 2016
The November 2016 Regional Economic Issues (REI) report assesses the macroeconomic outlook for the Central, Eastern and Southeastern Europe (CESEE) region in light of the latest global economic and financial developments.

Central, Eastern and Southeastern Europe (CESEE)
Date: November 2015
The November 2015 Regional Economic Issues (REI) report assesses the macroeconomic outlook for the Central, Eastern and Southeastern Europe (CESEE) region in light of the latest global economic and financial developments.

The Western Balkans: 15 Years of Economic Transition
Date: March 2015
This Regional Economic Issues Special Report examines the major economic achievements attained by Western Balkan countries in the last 15 years and the need to complete the transition to market economies to lay the ground for future sustainable growth.

25 Years of Transition: Post-Communist Europe and the IMF
Date: October 2014
Regional Economic Issues Special Report. The past 25 years have seen a dramatic transformation in Europe's former communist countries, resulting in their reintegration into the global economy, and, in most cases, major improvements in living standards. But the task of building full market economies has been difficult and protracted. This report covers the European transition economies of Central and Eastern Europe, up to Belarus, Moldova, Russia, and Ukraine among the former Soviet republics.

Central, Eastern, and Southeastern Europe: Regional Economic Issues
Date: October 2013
The October 2013 Regional Economic Issues Report (REI) discusses the implications of the recent turmoil in Central, Eastern, and Southeastern Europe (CESEE)'s emerging markets. What are the implications of the turmoil in emerging markets for Central, Eastern, and Southeastern Europe (CESEE)? Why have some countries been more affected than others? The October 2013 CESEE Regional Economic Issues (REI) assesses the macroeconomic outlook for the region in light of the latest global economic and financial developments. The REI also focuses on prospects for longer-term potential growth, and the policies and reforms that will be needed to boost growth and bring down on a sustained basis the relatively high rates of unemployment across much of the region.

Regional Economic Outlook: Europe
Date: October 2011
Following a strong showing in early 2011, the economies across Europe now face the prospect of a pronounced slowdown, as global growth has softened, risk aversion has risen, and strains in Europe’s sovereign debt and financial markets have deepened, according to the Regional Economic Outlook: Europe. Downside risks are significant, and a further deepening of the euro area crisis would affect not only advanced Europe, but also emerging Europe, given its tight economic and financial ties. The policy stance in advanced Europe will need to be adapted to reflect the weakening and tense outlook, financial systems strengthened further, and a consistent, cohesive, and cooperative approach to monetary union adopted by all euro area stakeholders. The cross-country experience in the past decade in Europe shows the difference that good policies can make in boosting growth, with some European countries having grown rapidly while others have stagnated. Escaping low-growth traps, through broad-based reforms that address macroeconomic imbalances and country-specific structural rigidities, is possible.

Regional Economic Outlook: Europe
Date: October 2010
The recovery in Europe continues, supported by strong policy action to contain sovereign debt problems in the euro area. In advanced Europe, lingering uncertainties and market pressures make for moderate and unequal growth, creating challenges for macroeconomic and financial sector policies. The REO also sheds light on the governance issues revealed by the crisis, arguing that better policy frameworks, in particular at the euro area level, promise a stronger Europe. For the first time, the REO devotes a separate chapter to the outlook for emerging Europe, where, after a deep recession, an export-led recovery is under way. However, the rebound is uneven across the region, and policymakers face the difficult challenge of dealing with the legacies of the crisis, while not hurting the recovery. Beyond the short term, the REO argues that the region will need to find new growth engines, as the capital inflows-driven and credit-fueled domestic demand boom needs to give way to more balanced growth. Indeed, the REO emphasizes that active fiscal policy and coordinated prudential measures are key to avoiding a repeat of the boom-bust cycle the region has just endured.
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Regional Economic Outlook - Europe: Securing Recovery
Date: October 2009
Europe's contraction is ending, but the recovery is fragile. Policymakers should look beyond the crisis to secure a durable upswing and address the threats to potential growth from the crisis and the continent's well-known structural rigidities. The report's analytical work stresses the uncertainty surrounding potential growth estimates, and the more volatile environment faced by emerging economies in a tightly integrated region. In the near term, this calls for measures to restore the financial sector to health and for continued macroeconomic support, while preparing for the exit from extraordinary interventions in a coordinated and transparent fashion. Higher longer-term growth through structural change will support the recovery, smooth the exit, and help emerging markets to adjust to lower capital inflows in the crisis' aftermath. Published biannually in May and October.

Regional Economic Outlook: Europe
Date: October 2008
The financial crisis has reached extraordinary proportions in recent months. At the same time commodity prices increases have boosted headline inflation, depressing consumption. Growth is expected to stagnate in the near term in most advanced European economies as asset price booms deflate and banks curb credit to reduce leverage. Growth will slow down significantly in the emerging economies in Europe as well. Mutually reinforcing deterioration in financial and economic conditions is the main downside risk to the outlook. Stabilizing financial conditions and nurturing growth are the key policy priorities. In addition to the outlook, the report presents analytical work on the impact of high commodity prices, the turnaround in the credit and asset price cycles, and the macroeconomic effects of cross-border labor flows.

Regional Economic Outlook: Europe
Date: November 2007
Strong fundamentals should allow Europe to weather financial turbulence relatively well. Nonetheless, growth is set to ease in 2008 in nearly all countries. Policymakers will need to deal up front with the financial market turmoil, while implementing fiscal consolidation and structural reforms, including in the financial sector, to address vulnerabilities, raise medium-term growth prospects, and deliver on the promise of convergence for emerging Europe. Three analytical chapters discuss reforms to strengthen Europe's financial systems to allow advanced economies to benefit from innovation without incurring excessive risk and, in emerging economies, to manage rapid financial deepening and develop financial systems further.
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