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Transition Report 2013 Stuck in transition?

Macro 180sq

Facts at a glance

IN 27 countries out of 34 in the transition region GDP growth slowed in 2012.

ABOVE 20% Remittances as a share of GDP in Tajikistan, Kyrgyz Republic, and Moldova.

Cover 180sqV2

 

ABOVE 50% Youth unemployment rates in parts of south-eastern Europe.

ABOVE 15% Loss of foreign bank funding as a share of GDP in countries most affected by deleveraging since the third quarter of 2011.


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Macroeconomic overview

References

S. Avdjiev, Z. Kuti and E. Takáts (2012)
“The euro area crisis and cross-border bank lending to emerging markets”, BIS Quarterly Review, December.

J. Bouhga-Hagbe (2006)
“Altruism and workers’ remittances: evidence from selected countries in the Middle East and Central Asia”, IMF Working Paper 06/130, Washington, DC.

Vienna Initiative 2.0, Deleveraging Monitor, 24 July 2013 (www.vienna-initiative.com).

 

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