search query: @indexterm EUROPE, EAST / total: 523
reference: 13 / 523
| Author: | |
| Title: | Developments in selected non-OECD countries |
| Journal: | OECD Economic Outlook
1997 : JUN, 61, p. 117-125 |
| Index terms: | ECONOMIC INDICATORS MACROECONOMICS EUROPE, EAST RUSSIA CENTRAL EUROPE UKRAINE |
| Language: | eng |
| Abstract: | Transition continues to make progress. Recently, however, the fragility of growth has also become manifest and, in some cases, worrying. Many countries in the region are quite dependent on export growth and thus were hit in 1996 by the slowdown in western Europe. In Russia, the sharp reduction in inflation was an important step for stabilisation, and output may finally have turned around. Developments in Bulgaria and Romania show that policies with lower weight on structural transformation impinge on the credibility of monetary and overall economic policy. Despite generally brighter prospects for growth and trade in 1997, concerns remain about the size of the tasks lying ahead on the way to transformation to market economies. |
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