The Global Economy, the Euro Zone, and the New Member States

A Regional Perspective on the IMF's World Economic Outlook

The Warsaw Regional Office of the International Monetary Fund

in collaboration with the ICEG European Center organised a presentation on September 30.

 

Date: 30 September, 2005

by
Susan Schadler, Deputy Director, European Department and
Christoph Rosenberg, Senior Regional Representative

Ms. Schadler and Mr. Rosenberg presented the highlights of the IMF's World Economic Outlook - a review of global economic developments and near-term projections which will be released in late-September - focusing on the implications for the economies of Central Europe and the Baltics. The presentation will cover a range of questions: What are the near- term growth prospects for the region? What are the outlook and risks for Central Europe's and the Baltics' main export markets? How will higher oil prices affect the global and regional economies? Are growing international current account imbalances a threat for Central Europe and the Baltics? What influences on global interest rates are likely to be at play and what are the likely spillovers to financial markets in Central Europe and the Baltics? Looking beyond such global influences on regional economic developments, the presentation will also feature an assessment of two home-grown risks - fiscal policies and rapid credit growth. How much of a concern are large fiscal deficits in some countries? How much fiscal adjustment is needed? What is there to gain from flat taxes? And how much of a threat is rapid credit growth?

Please click on the links for the summary of the presentation and for the whole presentation.

If you have any further questions about this event, please contact Péter Bilek at 248 1160, or pbilek@icegec.hu.