## Central, Eastern and Southeastern Europe: Regional Economic Issues, May 2015

_Europe, May 1, 2015_

## Source details

**Canonical URL:** [Central, Eastern and Southeastern Europe: Regional Economic Issues, May 2015](https://www.imf.org/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2)

## Other formats

- [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)

## Bibliographic details
- Published: May 1, 2015
- Series: Europe

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### Global growth projection and drivers
- The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent.
- Reasons cited for the 2014 downgrade:
  - Legacy of the weak first quarter, particularly in the United States.
  - A less optimistic outlook for several emerging markets.
- The global growth projection for 2015 remains at 4 percent, reflecting somewhat stronger growth expected in some advanced economies.

### CESEE regional composition
- The CESEE region includes Turkey and the following four sub-regions:
  - Central and Eastern Europe (CEE), consisting of the Czech Republic, Hungary, Poland, the Slovak Republic and Slovenia
  - Southeastern Europe (SEE), consisting of Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Romania and Serbia
  - The Baltic region, consisting of Estonia, Latvia and Lithuania
  - The CIS group, consisting of Belarus, Moldova, Russia and Ukraine

*Source: Central, Eastern and Southeastern Europe: Regional Economic Issues, May 2015*

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## Content in this bundle

- **Central, Eastern, and Southeastern Europe Regional Economic Issues- May 2015**
  - [Central, Eastern, and Southeastern Europe Regional Economic Issues- May 2015 (Markdown version)](/external/pubs/ft/reo/2015/eur/eng/pdf/REI0515.pdf.md){rel="alternate" type="text/markdown"}
  - [Central, Eastern, and Southeastern Europe Regional Economic Issues- May 2015 (PDF)](/external/pubs/ft/reo/2015/eur/eng/pdf/REI0515.pdf){rel="external" type="application/pdf"}

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## References

- [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)
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- [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)
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- [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)

_Source: https://www.imf.org/en/publications/reo/eu/issues/2017/01/07/regional-economic-issues-central-eastern-and-southeastern-europe2_