Sailing Through Rough Waters

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky (dobrinsky@wiiw.ac.at), Selena Duraković (selena.durakovic@efsa.unsa.ba), Meryem Gökten, Richard Grieveson (grieveson@wiiw.ac.at), Doris Hanzl-Weiss (hanzl@wiiw.ac.at), Gabor Hunya (wiiw@wiiw.ac.at), Branimir Jovanović (jovanovic@wiiw.ac.at), Niko Korpar, Sebastian Leitner (leitner@wiiw.ac.at), Ravik Mima, Beate Muck, Olga Pindyuk (pindyuk@wiiw.ac.at), Sandor Richter (wiiw@wiiw.ac.at), Bernd Christoph Ströhm, Maryna Tverdostup (tverdostup@wiiw.ac.at), Nina Vujanović, Zuzana Zavarska and Adam Żurawski
Additional contact information
Rumen Dobrinsky: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/rumen-dobrinsky-s-84.html
Selena Duraković: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/selena-durakovic-s-1658.html
Richard Grieveson: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/richard-grieveson-s-1172.html
Doris Hanzl-Weiss: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/doris-hanzl-weiss-s-4.html
Gabor Hunya: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/gabor-hunya-s-7.html
Branimir Jovanović: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/branimir-jovanovic-s-878.html
Sebastian Leitner: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/sebastian-leitner-s-23.html
Olga Pindyuk: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/olga-pindyuk-s-21.html
Sandor Richter: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/sandor-richter-s-14.html
Maryna Tverdostup: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/maryna-tverdostup-s-1587.html

No Spring2023, wiiw Forecast Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: Although economic activity has weakened considerably compared to last year, most of the economies of CESEE seem to have largely digested the economic shock caused by the Russian invasion of Ukraine and its fallout. All CESEE economies except Hungary and Russia will post positive full-year growth in 2023. From 2024 the recovery should continue to strengthen across the region, although monetary tightening and the uncertain duration and outcome of the war are downside risks to the outlook.

Keywords: CESEE; Central and Eastern Europe; economic forecast; Western Balkans; Visegrad group; CIS; Ukraine; Russia; Turkey; euro area; EU; convergence; Russia-Ukraine war; Russia sanctions; commodity prices; inflation; energy crisis; gas; coal; renewable energy; electricity; monetary policy; fiscal policy; EU funds; purchasing power; remittances; external debt; interest rates; banking sector; financial liabilities; credit; impact on Austria; macroeconomic forecasting (search for similar items in EconPapers)
JEL-codes: E20 E21 E22 E24 E31 E44 E5 E62 F21 F24 F30 F50 F51 H56 H60 J30 O47 O52 O57 P24 P27 P33 P52 Q40 R30 (search for similar items in EconPapers)
Pages: 148 pages including 28 Tables and 53 Figures
Date: 2023-04
New Economics Papers: this item is included in nep-cis and nep-mac
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