{"id":83813,"date":"2024-01-22T08:51:02","date_gmt":"2024-01-22T07:51:02","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/83813\/"},"modified":"2024-11-06T23:39:57","modified_gmt":"2024-11-06T22:39:57","slug":"kraeftiges-wachstum-in-ost-mitteleuropa-weiterhin-rezession-in-der-gus-die-wirtschaft-der-oststaaten-1995-96","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/83813\/","title":{"rendered":"Transitional Recessions Overcome in the CEECs, but not yet in the CIS Republics"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-83813","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"All CEECs, with the exception of Hungary and Croatia, performed well in 1995. GDP rose by 5.5 percent on average. Private consumption and gross investment were essential in inducing growth. Inflation was falling, although remaining still high according to Western standards in most countries, especially in Romania and Bulgaria, but also in Hungary and Poland. Budget deficits were either quite low and under control or otherwise apparently compatible with continuing disinflation. Rising profits became a major source of financing investment. The expansion in output was due to high productivity gains; unemployment rates decreased only slightly. Exports and imports were rising faster than GDP, indicating growing internationalization of the CEECs. Although imports were generally increasing faster than exports, current account deficits did not deteriorate as much and were largely compensated by capital inflows \u2013 direct investments, but also short-term speculative capital. In general the currencies in the region appreciated in real terms. In 1996 the slowdown of economic growth in the EU might have a dampening effect on CEEC exports. The WIIW forecast for 1996 and 1997 indicates a convergence of growth rates in the individual CEECs to about 5 percent p.a. GDP growth will be slightly slower than 1995 in most countries, with the important exception of Hungary, after successful stabilization, and Croatia, after the peace treaty of Dayton. Inflation will continue to decline. Unemployment will decrease only moderately and remain on high levels. Russia may arrest the decline in 1996 and resume growth in 1997, as might Ukraine.","onlinedate":"1996-05-01 02:00:00","lang":"German","publication_series":"","publication_date":"19960501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":275168,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"69","monthly_report_pages":"355-372","monthly_report_pages_sort":"355","issue":"5","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3481],"collaboration":"","persons":[4903,12211,13585],"persons_data":"[{\"personId\":4903,\"personName\":\"Waltraud Urban\",\"organisationNames\":[]},{\"personId\":12211,\"personName\":\"Leon Podkaminer\",\"organisationNames\":[]},{\"personId\":13585,\"personName\":\"et al.\",\"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\\\"><span>Urban, W.<\\\/span>, Podkaminer, L., &amp; et al. (1996). <span>Kr\u00e4ftiges Wachstum in Ost-Mitteleuropa, weiterhin Rezession in der GUS. Die Wirtschaft der Oststaaten 1995\\\/96<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>69<\\\/em>(5), 355-372. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/253\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/253<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Urban W<\\\/span>, Podkaminer L, et al. <span class=\\\"title\\\"><span>Kr\u00e4ftiges Wachstum in Ost-Mitteleuropa, weiterhin Rezession in der GUS. Die Wirtschaft der Oststaaten 1995\\\/96<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1996 May;69(5):355-372.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{0c0c12ff170c43249a9e8a30d06c81ca,<\\\/div><div>  title    = \\\"Kr{\\\\\\\"a}ftiges Wachstum in Ost-Mitteleuropa, weiterhin Rezession in der GUS. Die Wirtschaft der Oststaaten 1995\\\/96\\\",<\\\/div><div>  abstract = \\\"Das Wachstum hat sich in Ost-Mitteleuropa \u2013 mit Ausnahme von Ungarn \u2013 vor allem wegen der starken Zunahme der Investitionen und des privaten Konsums weiter beschleunigt. Exporte und Importe steigen kr{\\\\\\\"a}ftig. Leistungsbilanzungleichgewichte und Budgetprobleme verloren an Bedeutung. F{\\\\\\\"u}r 1996 erwartet das WIIW wegen der Konjunkturabschw{\\\\\\\"a}chung im Westen einen R{\\\\\\\"u}ckgang der Auslandsnachfrage und daher eine leichte Abschw{\\\\\\\"a}chung des Wachstums in der Region auf durchschnittlich 5\\\\%. Nur in Ungarn und in Kroatien wird die Wirtschaft vermutlich rascher expandieren als 1995. In den GUS-Republiken hielt die Transformationsrezession auch 1995 an, und nur f{\\\\\\\"u}r Ru{\\\\ss}land und die Ukraine ist 1996 ein Ende der Talfahrt in Sicht.\\\",<\\\/div><div>  keywords = \\\"Kr{\\\\\\\"a}ftiges Wachstum in Ost-Mitteleuropa, weiterhin Rezession in der GUS. Die Wirtschaft der Oststaaten 1995\\\/96; Transitional Recessions Overcome in the CEECs, but not yet in the CIS Republics\\\",<\\\/div><div>  author   = \\\"Waltraud Urban and Leon Podkaminer and \\\\{et al.\\\\}\\\",<\\\/div><div>  year     = \\\"1996\\\",<\\\/div><div>  month    = may,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"69\\\",<\\\/div><div>  pages    = \\\"355--372\\\",<\\\/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  - Kr\u00e4ftiges Wachstum in Ost-Mitteleuropa, weiterhin Rezession in der GUS. Die Wirtschaft der Oststaaten 1995\\\/96<\\\/p><p>AU  - Urban, Waltraud<\\\/p><p>AU  - Podkaminer, Leon<\\\/p><p>AU  - et al., null<\\\/p><p>PY  - 1996\\\/5<\\\/p><p>Y1  - 1996\\\/5<\\\/p><p>N2  - Das Wachstum hat sich in Ost-Mitteleuropa \u2013 mit Ausnahme von Ungarn \u2013 vor allem wegen der starken Zunahme der Investitionen und des privaten Konsums weiter beschleunigt. Exporte und Importe steigen kr\u00e4ftig. Leistungsbilanzungleichgewichte und Budgetprobleme verloren an Bedeutung. F\u00fcr 1996 erwartet das WIIW wegen der Konjunkturabschw\u00e4chung im Westen einen R\u00fcckgang der Auslandsnachfrage und daher eine leichte Abschw\u00e4chung des Wachstums in der Region auf durchschnittlich 5%. Nur in Ungarn und in Kroatien wird die Wirtschaft vermutlich rascher expandieren als 1995. In den GUS-Republiken hielt die Transformationsrezession auch 1995 an, und nur f\u00fcr Ru\u00dfland und die Ukraine ist 1996 ein Ende der Talfahrt in Sicht.<\\\/p><p>AB  - Das Wachstum hat sich in Ost-Mitteleuropa \u2013 mit Ausnahme von Ungarn \u2013 vor allem wegen der starken Zunahme der Investitionen und des privaten Konsums weiter beschleunigt. Exporte und Importe steigen kr\u00e4ftig. Leistungsbilanzungleichgewichte und Budgetprobleme verloren an Bedeutung. F\u00fcr 1996 erwartet das WIIW wegen der Konjunkturabschw\u00e4chung im Westen einen R\u00fcckgang der Auslandsnachfrage und daher eine leichte Abschw\u00e4chung des Wachstums in der Region auf durchschnittlich 5%. Nur in Ungarn und in Kroatien wird die Wirtschaft vermutlich rascher expandieren als 1995. In den GUS-Republiken hielt die Transformationsrezession auch 1995 an, und nur f\u00fcr Ru\u00dfland und die Ukraine ist 1996 ein Ende der Talfahrt in Sicht.<\\\/p><p>KW  - Kr\u00e4ftiges Wachstum in Ost-Mitteleuropa<\\\/p><p>KW  -  weiterhin Rezession in der GUS. Die Wirtschaft der Oststaaten 1995\\\/96; Transitional Recessions Overcome in the CEECs<\\\/p><p>KW  -  but not yet in the CIS Republics<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 69<\\\/p><p>SP  - 355<\\\/p><p>EP  - 372<\\\/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>Transitional Recessions Overcome in the CEECs, but not yet in the CIS Republics - 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\/83813\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transitional Recessions Overcome in the CEECs, but not yet in the CIS Republics\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/83813\/\" \/>\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=\"2024-11-06T22:39:57+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\\\/83813\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/83813\\\/\",\"name\":\"Transitional Recessions Overcome in the CEECs, but not yet in the CIS Republics - 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