Regional Economic Outlook, May 2010, Europe: Fostering Sustainability
Europe, May 5, 2010
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- Regional Economic Outlook, May 2010, Europe: Fostering Sustainability
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Bibliographic details
- Published: May 5, 2010
- Series: Europe
- DOI: https://doi.org/10.5089/9781589069190.086
Overview
- This issue examines the moderate and uneven recovery occurring across the region.
- The varying speed of recovery in advanced Europe is closely linked to the degree of overheating and credit expansion going into the crisis.
- Growth is expected to pick up during 2010-11, but the traditional drivers of the recovery are likely to be weaker than usual.
Regional recovery patterns — advanced Europe
- Recovery speed varies across advanced Europe.
- The variation is closely linked to the degree of overheating and credit expansion that occurred before the crisis.
Emerging Europe — vulnerabilities and external financing
- Recovery speed in emerging Europe is even more varied and reflects:
- country-specific vulnerabilities,
- external financing difficulties,
- variations in reliance on export demand.
- In the most vulnerable and hard hit countries in emerging Europe, coordinated assistance from the IMF, the European Union (EU), and other multilateral institutions eased the inevitable adjustment to considerably tighter constraints on external financing.
Growth outlook
- Growth is expected to pick up during 2010-11.
- The traditional drivers of the recovery are likely to be weaker than usual.
Policy and topical subjects covered
- Balance of payments
- Banking
- Capital inflows
- Current account balance
- Fiscal consolidation
- Fiscal policy
- Public debt
Keywords and technical terms preserved
- appreciation
- asset classification rule
- Baltics
- bank
- Capital inflows
- capital inflows panel Regression
- Current account balance
- delays in liberalization
- Europe
- Fiscal consolidation
- GDP
- Global
- liberalization
- liberalization of outflow
- nominal exchange rate
- portfolio debt inflow
- REO