The economic development of the Central and East European countries in the world economic crisis context

Vývoj ekonomik zemí střední a východní Evropy v kontextu světové ekonomické krize

Eva Karpová

Současná Evropa, 2010, vol. 2010, issue 1, 85-107

Abstract: The article focuses on the economic development of the Central and East European countries (EU members) during the starting period of the contemporary world economic crisis and during 2009. The main topics of the article are the basic macroeconomic indicators of the mentioned countries as well as comparing of these features. Presented notes and comments are deduced first of all from statistics sources of EU institutions (mainly of the European Commission, EUROSTAT) and beside of OECD a UNCTAD sources.The Central and East European countries had been touched by the world economic crisis rather late - in comparison with many other world regions. It happened towards the end of 2008. The only exceptions became the serious economic collapses of Estonia and Latvia already during 2008. A really strong economic crisis began in many countries of the region just in 2009 but in a rather different intensity. Economic collapses have owned to export troubles and to various problems of domestic demand components. The financial and banking crisis itself had become a really essential reason of economic difficulties in several countries of the region only.

Keywords: Central and East European countries; economic crisis; GDP; inflation; general government debt; unemployment; external economic balance; foreign trade; Země střední a východní Evropy; ekonomická krize; ekonomický výkon; inflace; veřejné zadlužení; nezaměstnanost; vnější ekonomická rovnováha; zahraniční obchod (search for similar items in EconPapers)
Date: 2010
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