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Resident Representative

IMF Regional Office for Central and Eastern Europe

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Regional Economic Outlook

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Regional Economic Outlook for Europe (REO)
November 2017
The European recovery is strengthening and broadening appreciably. Real GDP growth is projected at 2.4 percent in 2017, up from 1.7 percent in 2016, before easing to 2.1 percent in 2018. These are large upward revisions-0.5 and 0.2 percentage points for 2017 and 2018, respectively—relative to the April World Economic Outlook. The European recovery is spilling over to the rest of the world, contributing significantly to global growth. In a few advanced and many emerging economies, unemployment rates have returned to precrisis levels. Most emerging European economies are now seeing robust wage growth. In many parts of Europe, however, wage growth is sluggish despite falling unemployment.

Download the full report (PDF)

Read IMF Country Focus: Europe: Engine for Global Trade, but Should Prepare for Rainy Day, November 13, 2017

Archive of Reports



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News and Highlights

Video: KEF Economic Forum Minsk: Belarus and the IMF - November, 2, 2017

Video: CEE: Setting the Scene: the Global Economy in 2017 - January 19, 2017

Presentations

2017

Macroeconomic Challenges in CESEE, by Bas B. Bakker, Senior Resident Representative - Access to Finance, Bank Lending and the Banking Sectors in CESEE Countries, Prishtina, November 14, 2017

Opportunities and Risks for Western Balkans, by Bas B. Bakker, Senior Resident Representative - Bank of Albania Annual Conference, Tirana, November 9, 2017

Belarus: Still in Need of Transition, by Bas B. Bakker, Senior Resident Representative - KEF 2017, November 3, 2017

Belarus and the IMF, by Bas B. Bakker, Senior Resident Representative - KEF 2017, November 2, 2017

Unconventional Monetary Policy and CESEE, by Bas B. Bakker, Senior Resident Representative - 7th Annual NBP Conference on the Future of the European Economy, Warsaw, October 20, 2017

Western Balkans: The Road to Prosperity, by Bas B. Bakker, Senior Resident Representative - 6th Annual Summit100, Skopje, October 12, 2017

State Involvement and Economic Growth, by Bas B. Bakker, Senior Resident Representative - 27th Economic Forum, Krynica, September 11, 2017

Belarussian Economy: Is There Light at the End of the Tunnel?, by Bas B. Bakker, Senior Resident Representative - 7th Belarus Reality Check, Vilnus, June 21, 2017

Fiscal Policy and Growth Challenges in SEE, by Bas B. Bakker, Senior Resident Representative - Becici, June 17, 2017

The IMF and Eastern Europe, by Bas B. Bakker, Senior Resident Representative - Warsaw University of Technology, June 13, 2017

Macroprudential Policy Dimensions - Cyclical vs. Structural, by Bas B. Bakker, Senior Resident Representative - NBP-OeNB Macroprudential Workshop, Krakow, June 9, 2017

The IMF, CESEE and Banking, by Bas B. Bakker, Senior Resident Representative - 34th BACEE Regional Banking Conference, Budapest, April 10-11, 2017

Exchange Rate Regimes in Emerging Europe, by Bas B. Bakker, Senior Resident Representative - 5th Regional Meeting of Governors, Umag, March 30-31, 2017

CESEE Economic Outlook, by Bas B. Bakker, Senior Resident Representative - Vienna Initiative Plenary Meeting, Luxembourg, March 6, 2017

Update on Foreign Banks Deleveraging, by Bas B. Bakker, Senior Resident Representative - Vienna Initiative Plenary Meeting, Luxembourg, March 6, 2017

Investment Dynamics in Poland, by Bas B. Bakker, Senior Resident Representative - Presentation of EIB report, Warsaw, February 27, 2017

Regional Economic Issues in CESEE, by Bas B. Bakker, Senior Resident Representative - Vienna, February 8, 2017

Global Economy in 2017, by Bas B. Bakker, Senior Resident Representative - The Central and Eastern European Forum, Vienna, January 17, 2017

Belarus and the IMF, by Bas B. Bakker, Senior Resident Representative - JVI Course - Financial Programming and Policies - Raubichi, January 25, 2017

2016

Main Risks for Belarussian Economy and Prospects for Belarus-IMF cooperation, by Bas B. Bakker, Senior Resident Representative - Workshop “Economic Environment for Businesses”, Minsk, December 14, 2016

CESEE: Remaining challenges for faster growth, by Bas B. Bakker, Senior Resident Representative - SITE Academic Conference, Stockholm, December 5-6, 2016

Economic and Financial Issues in CESEE, by Bas B. Bakker, Senior Resident Representative - Vienna, November 28, 2016

Phoenix from the Ashes: The Recovery of the Baltics from the 2008/09 Crisis, by Bas B. Bakker, Senior Resident Representative - CASE Conference, Warsaw, November 18, 2016

CESEE Regional Economic Outlook, by Bas B. Bakker, Senior Resident Representative - Minsk, November 3, 2016

Western Balkans in Post-Brexit Europe, by Bas B. Bakker, Senior Resident Representative - Bank of Albania & SEESOX annual conference, Tirana, October 27, 2016

CESEE and EU: Closing the remaining gaps, by Bas B. Bakker, Senior Resident Representative - 26th Economic Forum in Krynica, Krynica, September 6, 2016

Cross Country Differences in Convergence in CESEE, by Bas B. Bakker, Senior Resident Representative - Conference "Traces of Transition: Unfinished Business 25 Years Down the Road," Stockholm, May 27, 2016

CESEE Main Economic Issues, by Bas B. Bakker, Senior Regional Resident Representative - Commerzbank CEEMEA Day, London, May 20, 2016

A Strategy for Resolving Europe's Problem Loans, by Bas B. Bakker, Senior Resident Representative - European Bank Co-ordination (Vienna) Initiative: Third Ukrainian Financial Forum, Kiev, March 15, 2016

Key Economic Issues in CESEE, by Bas B. Bakker, Senior Regional Resident Representative - Parliamentary Workshop, Vienna, March 2, 2016

Challenges for Baltics as for the Eurozone countries having Advanced Economy status, by Bas B. Bakker, Senior Regional Resident Representative - 4th European High-level Panel Discussion on Banking, Vilnius, February 4, 2016

Economic Outlook for 2016, by Bas B. Bakker, Senior Resident Representative - The Central and Eastern European Forum, Vienna, January 19, 2016

World Bank Global Economic Prospects - Some comments, by Bas B. Bakker, Senior Resident Representative - National Bank of Poland, Warsaw, January 11, 2016

2015

Belarus Macroeconomic Performance, by Bas B. Bakker, Senior Resident Representative - Economy of Belarus: At a Tipping Point Conference, Minsk, November 4, 2015

Convergence of the EU new members states: Past, Present and Future, by Bas B. Bakker, Senior Resident Representative - NBP-OeNB CEEI/CFEE Conference, Warsaw, October 16, 2015

Eurozone banks and Growth in CESEE, by Bas B. Bakker, Senior Resident Representative - The Fourth EU-Southeast Europe Summit, Sofia, October 15, 2015

2014

Recovery at risk? - CEE external vulnerability, by James Roaf, Senior Resident Representative - CASE, Warsaw, May 27, 2014

CESEE economies: Outlook and challenges, by James Roaf, Senior Resident Representative, Zagreb, May 23, 2014

CEE Economies After a Decade in the EU, by James Roaf, Senior Resident Representative, Warsaw, April 9, 2014

News Archive

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IMF Activities in Central and Eastern Europe

Albania |  Belarus |  Bosnia and Herzegovina |  Bulgaria |  Croatia |  Czech Republic |  Estonia |  Hungary |  Kosovo |  Latvia |  Lithuania |  Moldova |  Montenegro |  Macedonia, FYR |  Poland |  Romania |  Serbia |  Slovenia |  Slovak Republic |  Ukraine | 

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About Us

The IMF Regional Office in Warsaw was established in February 2005, succeeding the Resident Representative office for Poland. Its primary task is to enhance the IMF's ability to carry out surveillance in Central and Eastern Europe, including with regard to financial stability, economic convergence and integration, and the jobs and growth agenda.

To this end, the Regional Office:

  • complements the work of headquarter-based mission teams by focusing on post-crisis issues across the region;
  • cooperates with regional partners within the Vienna 2 Initiative framework for safeguarding financial stability in the region;
  • monitors and analyzes economic developments from a regional perspective, identifies policy issues, and informs the IMF's staff at headquarters;
  • maintains contacts with governments, civil society and other relevant institutions (such as the European Commission and the ECB);
  • provides information to the media and other interested groups about the IMF's economic analysis and policy advice in the region.