{"id":103428,"date":"2024-01-22T13:34:11","date_gmt":"2024-01-22T12:34:11","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/103428\/"},"modified":"2024-11-07T02:53:52","modified_gmt":"2024-11-07T01:53:52","slug":"wirtschaft-ost-mitteleuropas-auf-wachstumskurs-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/103428\/","title":{"rendered":"CEECs on Track for Economic Growth"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-103428","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"More or less all Central and East European transition countries (CEECs) experienced an economic downturn in 1998, which bottomed out in the winter of 1998-99. Year-on-year GDP data point to decelerated growth in the fourth quarter 1998 and in the first quarter 1999 in a smaller subgroup (Hungary, Poland, Slovakia and Slovenia) and GDP decline in others (the Baltic states, Bulgaria, Croatia, the Czech Republic, Romania, Russia). In nearly all CEECs the situation improved in the course of 1999. In Russia, the currency crisis of August 1998 led to substantial depreciation, which in 1999 stimulated domestic production. Regional trading partners of Russia (the Baltic states, Ukraine and to a lesser degree also Bulgaria and Poland) started to recover from the breakdown of Russian demand for their exports. The Czech Republic, Hungary, Poland and Slovenia profited from an improving business climate in Germany, their most important trading partner. Home-made policies supported the upswing \u2013 especially a decline in interest rates in most of the countries, which also helped to keep real currency appreciation moderate. Inflation increased somewhat in the CEECs with lower inflation rates when world market prices for oil started to rise. Inflation in the CEECs is not expected to come down to Western European levels in the immediate future, a fact which will make it difficult to find an adequate interest rate policy. The degree of economic inequality between CEECs is remarkable. Thus, differences in the per capita GDP are greater in these countries than in the EU. In addition, price levels, recalculated in USD terms, are more divergent between them than between western countries. The year 2000 could become the first year in which CEE economies record no negative GDP growth rates. Even Russia has at last entered a path towards growth. Next year, growth could even strengthen and the more successful countries (currently Hungary, Poland and Slovenia) may be able to lower their income gap relative to the EU.","onlinedate":"2000-05-22 12:00:00","lang":"German","publication_series":"","publication_date":"20000501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Wirtschaft Ost-Mitteleuropas auf Wachstumskurs; CEECs on Track for Economic Growth\"]","jelcodes":"[]","related_publications":"[]","pdf":309536,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"73","monthly_report_pages":"329-340","monthly_report_pages_sort":"329","issue":"5","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":"2000-05-22 12:00:00","types":[44312],"research_groups":[3500],"collaboration":"","persons":[12243],"persons_data":"[{\"personId\":12243,\"personName\":\"Josef P\u00f6schl\",\"organisationNames\":[\"The Vienna Institute for International Economic Studies\"]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\">P\u00f6schl, J. (2000). <span>Wirtschaft Ost-Mitteleuropas auf Wachstumskurs<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>73<\\\/em>(5), 329-340. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/19238\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/19238<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\">P\u00f6schl J. <span class=\\\"title\\\"><span>Wirtschaft Ost-Mitteleuropas auf Wachstumskurs<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2000 May;73(5):329-340.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{28b310dd64fa43faafd9167e0bbcb0cc,<\\\/div><div>  title    = \\\"Wirtschaft Ost-Mitteleuropas auf Wachstumskurs\\\",<\\\/div><div>  abstract = \\\"Im Jahr 2000 k{\\\\\\\"o}nnte erstmals keines der Transformationsl{\\\\\\\"a}nder Ost-Mitteleuropas mehr einen R{\\\\\\\"u}ckgang des Bruttoinlandsproduktes verzeichnen. Seit Mitte 1999 hat sich die Wirtschaftslage in allen L{\\\\\\\"a}ndern verbessert, allerdings von sehr unterschiedlichem Niveau aus. F{\\\\\\\"u}r die russischen Produktionsbetriebe erwies sich die Rubelabwertung, eine Folge der W{\\\\\\\"a}hrungskrise im August 1998, als zentraler Impuls, f{\\\\\\\"u}r die westlichen MOEL der Wirtschaftsaufschwung in Deutschland. Positiv wirkte sich in den meisten L{\\\\\\\"a}ndern auch das Sinken des Zinsniveaus aus.\\\",<\\\/div><div>  keywords = \\\"Wirtschaft Ost-Mitteleuropas auf Wachstumskurs; CEECs on Track for Economic Growth, Wirtschaft Ost-Mitteleuropas auf Wachstumskurs; CEECs on Track for Economic Growth\\\",<\\\/div><div>  author   = \\\"Josef P{\\\\\\\"o}schl\\\",<\\\/div><div>  note     = \\\"MOEL\\\",<\\\/div><div>  year     = \\\"2000\\\",<\\\/div><div>  month    = may,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"73\\\",<\\\/div><div>  pages    = \\\"329--340\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Wirtschaft Ost-Mitteleuropas auf Wachstumskurs<\\\/p><p>AU  - P\u00f6schl, Josef<\\\/p><p>N1  - MOEL<\\\/p><p>PY  - 2000\\\/5<\\\/p><p>Y1  - 2000\\\/5<\\\/p><p>N2  - Im Jahr 2000 k\u00f6nnte erstmals keines der Transformationsl\u00e4nder Ost-Mitteleuropas mehr einen R\u00fcckgang des Bruttoinlandsproduktes verzeichnen. Seit Mitte 1999 hat sich die Wirtschaftslage in allen L\u00e4ndern verbessert, allerdings von sehr unterschiedlichem Niveau aus. F\u00fcr die russischen Produktionsbetriebe erwies sich die Rubelabwertung, eine Folge der W\u00e4hrungskrise im August 1998, als zentraler Impuls, f\u00fcr die westlichen MOEL der Wirtschaftsaufschwung in Deutschland. Positiv wirkte sich in den meisten L\u00e4ndern auch das Sinken des Zinsniveaus aus.<\\\/p><p>AB  - Im Jahr 2000 k\u00f6nnte erstmals keines der Transformationsl\u00e4nder Ost-Mitteleuropas mehr einen R\u00fcckgang des Bruttoinlandsproduktes verzeichnen. Seit Mitte 1999 hat sich die Wirtschaftslage in allen L\u00e4ndern verbessert, allerdings von sehr unterschiedlichem Niveau aus. F\u00fcr die russischen Produktionsbetriebe erwies sich die Rubelabwertung, eine Folge der W\u00e4hrungskrise im August 1998, als zentraler Impuls, f\u00fcr die westlichen MOEL der Wirtschaftsaufschwung in Deutschland. Positiv wirkte sich in den meisten L\u00e4ndern auch das Sinken des Zinsniveaus aus.<\\\/p><p>KW  - Wirtschaft Ost-Mitteleuropas auf Wachstumskurs; CEECs on Track for Economic Growth<\\\/p><p>KW  - Wirtschaft Ost-Mitteleuropas auf Wachstumskurs; CEECs on Track for Economic Growth<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 73<\\\/p><p>SP  - 329<\\\/p><p>EP  - 340<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CEECs on Track for Economic Growth - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/103428\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEECs on Track for Economic Growth\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/103428\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T01:53:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/103428\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/103428\\\/\",\"name\":\"CEECs on Track for Economic Growth - 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