## Regional Economic Outlook: Europe -- Reassessing Risks, April 2008 -- Table of Contents _Europe, April 18, 2008_ ## Source details **Canonical URL:** [Regional Economic Outlook: Europe -- Reassessing Risks, April 2008 -- Table of Contents](https://www.imf.org/en/publications/reo/eu/issues/2017/01/07/regional-economic-outlook-europe7) ## Other formats - [Markdown version](/en/publications/reo/eu/issues/2017/01/07/regional-economic-outlook-europe7/index.md) - [Structured JSON version](/en/publications/reo/eu/issues/2017/01/07/regional-economic-outlook-europe7/index.json) - [Bundle manifest](/en/publications/reo/eu/issues/2017/01/07/regional-economic-outlook-europe7/bundle-manifest.json) ## Bibliographic details - Published: April 18, 2008 - Series: Europe --- ### Executive summary and thematic overview - Europe is facing slower growth as a result of protracted financial turbulence and spillovers from the U.S. - Inflation has risen sharply. - Policymakers in advanced economies will have to continue to support financial markets and balance risks to real activity with the need to anchor inflation. - Emerging Europe is well placed to continue to grow, albeit at a slower pace, amid concerns about overheating and external imbalances in several countries. - Sound macroeconomic policies and structural reforms will be necessary to ensure a soft landing in these countries and smooth convergence throughout the region. ### Outlook: Navigating turbulent waters - Major subsections: - Advanced Economies - Emerging Economies ### Financial turbulence: transmission and macro effects - Major subsections: - How Financial Turbulence Spread To Europe - Impact On Financial System Resilience - Impact on the Real Economy - Included box: Financial Turbulence: Policy Lessons ### Convergence in Emerging Europe: sustainability and vulnerabilities - Major subsections: - Overview - Sustaining Growth - Addressing Vulnerabilities - Running Sound Macroeconomic Policies - Policy Agenda - Included boxes: - Understanding Food Price Inflation in Emerging Europe - Spillovers from Weaker U.S. Growth ### Banking sector spillovers and regional contagion - Dedicated chapters and analyses: - Spillover Risks among Major EU Banks - Regional Financial Interlinkages and Contagion Channels - Banks' Risk Profile, Credit Growth, and the Real Economy - Real Sector Implications of Financial Turbulence for an Emerging Market Economy ### Growth, debt, and external vulnerability analyses - Analytical chapters and appendices: - Potential Growth Estimates in Emerging Europe Based on a Growth Model - Current Account Sustainability in the EU-10 - Response of External Debt-GDP Ratio to Adverse Shocks, 2007-11 - Response of GDP Growth to a 10-Percentage-Point Decline in Credit Growth ### Empirical material: tables - Key tables listed: - European Countries: Real GDP Growth and CPI Inflation, 2006-09 - European Countries: External and Fiscal Balances, Government Debt, 2006-08 - Measuring the Impact of Risk Repricing on Selected Markets - Net Bank Exposure to U.S. Subprime Mortgage Markets - Estimated Losses on Mortgage-Related Subprime Bank Exposures - Output Response to Financial Shocks: Simulation Results - Determinants of Growth in Emerging Europe, 2003-07 - Sustainability of Current Account Deficits Based on a Model of Regional Convergence, 2007 ### Empirical material: figures - Selected figures and time spans (as listed): - Europe and the United States: Real GDP Growth, 2001-09 - Key Short-Term Indicators - Euro Area: Contribution of Food and Energy to Headline Inflation, January 2006-December 2007 - Euro Area: Cost of Financing, 2003-08 - Spreads of Three-Month Interbank Rates over Expected Policy Rates, 2007-08 - Changes in Credit Standards for Loans to Enterprises and Households, 2005-08 - Measures of the Euro Exchange Rate, 1999-2008 - Growth in Emerging Europe, 2001-09 - Emerging Europe: Confidence Indicators, January 2006-February 2008 - Emerging Europe: Sovereign and Corporate Bond Spreads, January 2007-March 2008 - Emerging Markets: Private Sector External Bond Issuance, 2006-08 - Emerging Europe: Bond Spreads and Current Account Deficits - Central and Eastern Europe: Credit Growth and House Prices, 2002-06 - Estimating Shifts in the Global Price of Risk, 2007-08 - Reassessing Risks Across Asset Classes and Borders - Euro Area Lending to Nonfinancial Corporations and Households, 2000-08 - Changes in the Balance Sheet of the European Banking System - Expected Default Frequencies (EDF), 2007-08 - Implied Spreads, 2007-08 - Market Leverage Versus Asset Volatility of Exposed EU Banks, 2007-08 - European Banks: Market Evaluation of Assets in Distress - Convergence in Emerging Europe and in the Rest of the World, 2002-06 - GDP per Capita and Current Account Balances, 2007 - Emerging Europe: Value Added by Sector, Contributions to Real GDP Growth, 2002-0 - Emerging Europe: Domestic and External Demand, Contributions to Real GDP Growth, 2002-06 - Emerging Europe: Growth Accounting, 2002-06 - Growth and Private Sector Credit Growth, 2002-06 - Emerging Europe: Contributions to Current Account Deficit, 2003-07 - Emerging Europe: FDI Coverage of Current Account Deficit, 2002-06 - Emerging Europe: Change in Current Account Balance and Real Effective Exchange Rate Appreciation, 2003-07 - Emerging Europe: Percentage Change in Export Market Shares in the World Economy, 2002-06 - Current Account Model Predictions and Actual Balances in Selected New EU Members - Emerging Europe: Ratio of Short-Term Debt (Remaining Maturity) to Foreign Exchange Reserves, 2007 - Emerging Europe: Lending Interest Rate-Taylor Rule Interest Rate, 2003-07 - Emerging Europe: Monetary Conditions Index, 2007 - Change in Actual and Structural Fiscal Balances, 2003-07 ### Ancillary information - Publication and access items shown on the page: - Press Release: Regional Economic Outlook: Europe — April 21, 2008 - World Economic and Financial Surveys - Ordering Information - Full text and Summaries in multiple languages: English, русский, Česky, Deutsch, Español, Français, Türkçe, Український - View the full text (use the free Adobe Acrobat Reader). - Email notification sign-up for new series and/or country items *Regional Economic Outlook: Europe -- Reassessing Risks, April 2008 -- Table of Contents* --- ## Content in this bundle - **Perspectives économiques régionales : EUROPE — Réévaluation des risques — Avril 2008** - [Perspectives économiques régionales : EUROPE — Réévaluation des risques — Avril 2008 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2008/eur/_ereo0408exfpdf.pdf.md){rel="alternate" type="text/markdown"} - [Perspectives économiques régionales : EUROPE — Réévaluation des risques — Avril 2008 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2008/eur/_ereo0408exfpdf.pdf){rel="external" type="application/pdf"} - **Regionaler Wirtschaftsausblick -- EUROPA: Neubewertung der Risiken -- Zusammenfassung; April 2008.** - [Regionaler Wirtschaftsausblick -- EUROPA: Neubewertung der Risiken -- Zusammenfassung; April 2008. (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/german/pubs/ft/reo/2008/eur/_ereo0408exdpdf.pdf.md){rel="alternate" type="text/markdown"} - [Regionaler Wirtschaftsausblick -- EUROPA: Neubewertung der Risiken -- Zusammenfassung; April 2008. (PDF)](/-/media/websites/imf/imported-flagship-issues/external/german/pubs/ft/reo/2008/eur/_ereo0408exdpdf.pdf){rel="external" type="application/pdf"} - **Regionální ekonomický výhled -- EVROPA: Přehodnocení rizik -- Shrnutí; duben 2008.** - [Regionální ekonomický výhled -- EVROPA: Přehodnocení rizik -- Shrnutí; duben 2008. (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/cze/_ereo0408excspdf.pdf.md){rel="alternate" type="text/markdown"} - [Regionální ekonomický výhled -- EVROPA: Přehodnocení rizik -- Shrnutí; duben 2008. (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/cze/_ereo0408excspdf.pdf){rel="external" type="application/pdf"} - **Regional Economic Outlook -- Europe: Reassessing Risks -- Executive Summary; April 2008** - [Regional Economic Outlook -- Europe: Reassessing Risks -- Executive Summary; April 2008 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/eng/_ereo0408expdf.pdf.md){rel="alternate" type="text/markdown"} - [Regional Economic Outlook -- Europe: Reassessing Risks -- Executive Summary; April 2008 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/eng/_ereo0408expdf.pdf){rel="external" type="application/pdf"} - **Regional Economic Outlook -- Europe: Reassessing Risks; April 2008.** - [Regional Economic Outlook -- Europe: Reassessing Risks; April 2008. (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/eng/_ereo0408pdf.pdf.md){rel="alternate" type="text/markdown"} - [Regional Economic Outlook -- Europe: Reassessing Risks; April 2008. (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/eng/_ereo0408pdf.pdf){rel="external" type="application/pdf"} - **Bölgesel Ekonomik Bakış -- AVRUPA : Risklerin Yeniden Değerlendirilmesi -- İdari Özet; Nisan 2008.** - [Bölgesel Ekonomik Bakış -- AVRUPA : Risklerin Yeniden Değerlendirilmesi -- İdari Özet; Nisan 2008. (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/tur/_ereo0408extpdf.pdf.md){rel="alternate" type="text/markdown"} - [Bölgesel Ekonomik Bakış -- AVRUPA : Risklerin Yeniden Değerlendirilmesi -- İdari Özet; Nisan 2008. (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/tur/_ereo0408extpdf.pdf){rel="external" type="application/pdf"} - **Перспективи розвитку регіональної економіки** - [Перспективи розвитку регіональної економіки (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/ukr/_ereo0408exupdf.pdf.md){rel="alternate" type="text/markdown"} - [Перспективи розвитку регіональної економіки (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/eur/ukr/_ereo0408exupdf.pdf){rel="external" type="application/pdf"} - **_ereo0408exrpdf** - [_ereo0408exrpdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/reo/eur/2008/_ereo0408exrpdf.pdf.md){rel="alternate" type="text/markdown"} - [_ereo0408exrpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/reo/eur/2008/_ereo0408exrpdf.pdf){rel="external" type="application/pdf"} - **Перспективы развития региональной экономики -- Европа: Переоценка рисков; Квітень 2008 року.** - [Перспективы развития региональной экономики -- Европа: Переоценка рисков; Квітень 2008 року. (PDF)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/reo/eur/2008/_ereo0408rpdf.pdf){rel="external" type="application/pdf"} - **Перспективы развития региональной экономики -- Европа: Переоценка рисков; Квітень 2008 року.** - [Перспективы развития региональной экономики -- Европа: Переоценка рисков; Квітень 2008 року. (PDF)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/reo/eur/2008/ereo0408r.pdf){rel="external" type="application/pdf"} - **Perspectivas económicas regionales: EUROPA — Revaluar los riesgos — Abril de 2008** - [Perspectivas económicas regionales: EUROPA — Revaluar los riesgos — Abril de 2008 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/reo/2008/eur/_ereo0408exspdf.pdf.md){rel="alternate" type="text/markdown"} - [Perspectivas económicas regionales: EUROPA — Revaluar los riesgos — Abril de 2008 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/reo/2008/eur/_ereo0408exspdf.pdf){rel="external" type="application/pdf"} --- ## References - [Press Release](https://www.imf.org/external/np/sec/pr/2008/pr0889.htm) - [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:](https://www.imf.org/external/pubs/ft/weo/2008/01/index.htm) - [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) - [Ordering Information](https://www.imf.org/external/pubs/cat/longres.cfm?sk=21658.0) - [Adobe Acrobat Reader](https://www.imf.org/adobe) - [https://www.imf.org/en/home](https://www.imf.org/en/home) _Source: https://www.imf.org/en/publications/reo/eu/issues/2017/01/07/regional-economic-outlook-europe7_