{
  "title": "Central, Eastern and Southeastern Europe: Regional Economic Issues, May 2015",
  "publication": "Europe, May 1, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2",
  "canonical": "https://www.imf.org/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2",
  "overlayPath": "/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2/index.md",
  "summary": "The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent, reflecting both the legacy of the weak first quarter, particularly in the United States, and a less optimistic outlook for several emerging markets.",
  "sections": [
    {
      "heading": "Global growth projection and drivers",
      "content": "- The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent.\n- Reasons cited for the 2014 downgrade:\n  - Legacy of the weak first quarter, particularly in the United States.\n  - A less optimistic outlook for several emerging markets.\n- The global growth projection for 2015 remains at 4 percent, reflecting somewhat stronger growth expected in some advanced economies."
    },
    {
      "heading": "CESEE regional composition",
      "content": "- The CESEE region includes Turkey and the following four sub-regions:\n  - Central and Eastern Europe (CEE), consisting of the Czech Republic, Hungary, Poland, the Slovak Republic and Slovenia\n  - Southeastern Europe (SEE), consisting of Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Romania and Serbia\n  - The Baltic region, consisting of Estonia, Latvia and Lithuania\n  - The CIS group, consisting of Belarus, Moldova, Russia and Ukraine\n\nSource: Central, Eastern and Southeastern Europe: Regional Economic Issues, May 2015\n\n---\n\n Content in this bundle\n\n- Central, Eastern, and Southeastern Europe Regional Economic Issues- May 2015\n  - Central, Eastern, and Southeastern Europe Regional Economic Issues- May 2015 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Central, Eastern, and Southeastern Europe Regional Economic Issues- May 2015 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Regional Economic Outlooks\n- IMF Regional Reports\n- World Economic Outlook Archives\n- Subscribe\n- https://www.imf.org/external/pubs/ft/gfsr/index.htm\n- https://www.imf.org/external/ns/cs.aspx?id=262\n- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.\n- Modify your profile\n- Growing and Deleveraging: the conflicting challenge of Central, Eastern, and Southeastern European Countries\n- Central, Eastern and Southeastern Europe: Mind the Credit Gap\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2/index.md)",
    "[Structured JSON version](/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2/index.json)",
    "[Bundle manifest](/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2/bundle-manifest.json)",
    "Published: May 1, 2015",
    "Series: Europe",
    "The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent.",
    "Reasons cited for the 2014 downgrade:",
    "The global growth projection for 2015 remains at 4 percent, reflecting somewhat stronger growth expected in some advanced economies.",
    "The CESEE region includes Turkey and the following four sub-regions:",
    "**Central, Eastern, and Southeastern Europe Regional Economic Issues- May 2015**",
    "[Regional Economic Outlooks](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx)",
    "[IMF Regional Reports](https://www.imf.org/external/pubs/cat/region.asp)",
    "[World Economic Outlook Archives](https://www.imf.org/external/ns/cs.aspx?id=29)",
    "[Subscribe](https://www.imf.org/external/RSS/feeds.aspx?Category=PUBS_GF)",
    "[https://www.imf.org/external/pubs/ft/gfsr/index.htm](https://www.imf.org/external/pubs/ft/gfsr/index.htm)",
    "[https://www.imf.org/external/ns/cs.aspx?id=262](https://www.imf.org/external/ns/cs.aspx?id=262)",
    "[Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index)",
    "[Modify your profile](https://www.imf.org/en/email-subscription/login)",
    "[Growing and Deleveraging: the conflicting challenge of Central, Eastern, and Southeastern European Countries](http://www.imf.org/external/np/sec/pr/2015/pr15205.htm)",
    "[Central, Eastern and Southeastern Europe: Mind the Credit Gap](http://www.imf.org/external/pubs/ft/survey/so/2015/CAR051015A.htm)"
  ],
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      "title": "Central, Eastern, and Southeastern Europe Regional Economic Issues- May 2015",
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}