3. Convergence in Emerging Europe: Sustainability and Vulnerabilities
Author:
International Monetary Fund. European Dept.
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Language:
English
Print Publication Date:
12 Apr 2008
Keywords:
REO; economy; price; bank; current account; deficit; EU accession negotiation; emerging Europe; EU transfer; transition economy; model prediction; Current account imbalances; Structural reforms; Europe

Abstract

Emerging Europe’s convergence trend is set to continue, based on good fundamentals, although its pace is likely to slow. Concerns about overheating are giving way to those about vulnerabilities. Imbalances in some countries could lead to a more volatile growth experience, with risks of a hard landing. For most emerging economies, macroeconomic and financial policies will need to be further tightened to reduce vulnerabilities, while progress in structural reforms will be essential to sustain smooth convergence over the medium term.

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Cover Regional Economic Outlook, April 2008, Europe
Regional Economic Outlook, April 2008, Europe
Reassessing Risks
ISBN:
9781589067134
ISSN:
2071-4157
Publication Date:
12 Apr 2008
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589067134.086
Pages:
69

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