EU11 Regular Economic Report, Issue #27, June 2013
This economic report covers economic developments, prospects, and policies in 11 European Union (EU) countries. Throughout the report this group of eleven countries is referred to as EU11.The economic recovery of the EU11 countries was put on hold...
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| Format: | Economic Updates and Modeling |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17854302/eu11-regular-economic-report-macroeconomic-report-economic-recovery-hold-special-topic-determinants-joc-creation-eu11-evidence-firm-level-data http://hdl.handle.net/10986/16527 |
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okr-10986-16527 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO FINANCE ACCESS TO FINANCING ACCOUNTING ADVANCED ECONOMIES ADVERSE IMPACT AGRICULTURE BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK OF ENGLAND BANK OF JAPAN BANKING MARKETS BANKING SECTOR BASIS POINTS BOND BOND ISSUANCES BORROWER CAPITAL FLOWS CAPITAL FORMATION CAPITAL INFLOWS CAPITAL MARKET CAPITAL OUTFLOW CDS CENTRAL BANK CENTRAL BANKS COMPETITIVENESS CONFIDENCE INDEX CONSOLIDATION CONSUMER CONFIDENCE CONSUMER LOANS CONSUMER PRICE INDEX CREDIT CONSTRAINTS CREDIT CONTRACT CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT GROWTH CREDIT RATINGS CREDITORS CROSS-BORDER FLOWS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT FLOWS DEBT LEVELS DEBT RATIO DEFICITS DEFLATION DEPOSIT DEPOSITS DISABILITY PENSIONS DISPOSABLE INCOME DIVERSIFICATION DOMESTIC DEMAND ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS EIB EMERGING MARKETS EMPLOYMENT GROWTH ENFORCEMENT OF CONTRACT EQUIPMENT EUROPEAN CENTRAL BANK EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL SHOCKS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL STABILITY FINANCING NEED FINANCING NEEDS FISCAL DEFICIT FISCAL DEFICITS FISCAL EFFORT FISCAL EFFORTS FISCAL POLICIES FISCAL POLICY FIXED CAPITAL FLOATING EXCHANGE RATES FORECASTS FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GDP GLOBAL ECONOMY GLOBAL FINANCIAL STABILITY GLOBAL MARKETS GLOBAL TRADE GOVERNANCE ISSUES GOVERNMENT BONDS GOVERNMENT BORROWERS GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH RATE HOLDING HOLDINGS HOUSEHOLDS HOUSING HUMAN RESOURCES IMBALANCES IMPORT TARIFFS IMPORTS INDEBTEDNESS INFLATION INFLATION RATE INFLATIONARY PRESSURES INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL SETTLEMENTS INVENTORIES INVENTORY INVESTMENT ACTIVITY INVESTMENT DECISIONS INVESTMENT PORTFOLIO ISSUANCE JOB CREATION KEY CHALLENGE LABOR COSTS LABOR MARKET LABOR MARKETS LENDERS LENDING CONDITIONS LIQUIDITY LOAN LOCAL MARKET LOCAL MARKETS LOSS OF REVENUE MACROECONOMIC CONDITIONS MACROECONOMIC PERFORMANCE MARKET CONDITIONS MARKET SHARE MARKET SHARES MINIMUM WAGE MINISTRIES OF FINANCE MONETARY AUTHORITIES MONETARY POLICIES MONETARY POLICY NET EXPORTS NEW MARKET NON-PERFORMING LOANS NONPERFORMING LOANS OFFSHORE FINANCIAL CENTERS OIL PRICES PENSION PENSION REFORM PENSION SYSTEMS PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIO INVESTMENT PORTFOLIO INVESTMENTS POTENTIAL OUTPUT PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PUBLIC BORROWING PUBLIC DEBT PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDS PUBLIC INVESTMENT REAL EFFECTIVE EXCHANGE RATES REAL ESTATE REAL GDP RECEIPTS RECESSION RESERVES RESIDENTIAL MORTGAGES RETURN RETURNS RISK AVERSION SAVINGS SOCIAL EXCLUSION SOVEREIGN BOND SOVEREIGN RATING SOVEREIGN RATINGS SOVEREIGN RISK SOVEREIGN RISKS STRUCTURAL REFORM STRUCTURAL REFORMS SUBSIDIARIES SUBSIDIARY TAX TAX BURDEN TAX INCENTIVES TAX REVENUES TELECOMMUNICATIONS TRADE BALANCES TRADE DEFICIT TRADE FLOWS TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNION VALUE ADDED VARIABLE INTEREST RATES WAGES WHOLESALE FUNDING WTO |
| spellingShingle |
ACCESS TO FINANCE ACCESS TO FINANCING ACCOUNTING ADVANCED ECONOMIES ADVERSE IMPACT AGRICULTURE BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK OF ENGLAND BANK OF JAPAN BANKING MARKETS BANKING SECTOR BASIS POINTS BOND BOND ISSUANCES BORROWER CAPITAL FLOWS CAPITAL FORMATION CAPITAL INFLOWS CAPITAL MARKET CAPITAL OUTFLOW CDS CENTRAL BANK CENTRAL BANKS COMPETITIVENESS CONFIDENCE INDEX CONSOLIDATION CONSUMER CONFIDENCE CONSUMER LOANS CONSUMER PRICE INDEX CREDIT CONSTRAINTS CREDIT CONTRACT CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT GROWTH CREDIT RATINGS CREDITORS CROSS-BORDER FLOWS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT FLOWS DEBT LEVELS DEBT RATIO DEFICITS DEFLATION DEPOSIT DEPOSITS DISABILITY PENSIONS DISPOSABLE INCOME DIVERSIFICATION DOMESTIC DEMAND ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS EIB EMERGING MARKETS EMPLOYMENT GROWTH ENFORCEMENT OF CONTRACT EQUIPMENT EUROPEAN CENTRAL BANK EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL SHOCKS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL STABILITY FINANCING NEED FINANCING NEEDS FISCAL DEFICIT FISCAL DEFICITS FISCAL EFFORT FISCAL EFFORTS FISCAL POLICIES FISCAL POLICY FIXED CAPITAL FLOATING EXCHANGE RATES FORECASTS FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GDP GLOBAL ECONOMY GLOBAL FINANCIAL STABILITY GLOBAL MARKETS GLOBAL TRADE GOVERNANCE ISSUES GOVERNMENT BONDS GOVERNMENT BORROWERS GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH RATE HOLDING HOLDINGS HOUSEHOLDS HOUSING HUMAN RESOURCES IMBALANCES IMPORT TARIFFS IMPORTS INDEBTEDNESS INFLATION INFLATION RATE INFLATIONARY PRESSURES INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL SETTLEMENTS INVENTORIES INVENTORY INVESTMENT ACTIVITY INVESTMENT DECISIONS INVESTMENT PORTFOLIO ISSUANCE JOB CREATION KEY CHALLENGE LABOR COSTS LABOR MARKET LABOR MARKETS LENDERS LENDING CONDITIONS LIQUIDITY LOAN LOCAL MARKET LOCAL MARKETS LOSS OF REVENUE MACROECONOMIC CONDITIONS MACROECONOMIC PERFORMANCE MARKET CONDITIONS MARKET SHARE MARKET SHARES MINIMUM WAGE MINISTRIES OF FINANCE MONETARY AUTHORITIES MONETARY POLICIES MONETARY POLICY NET EXPORTS NEW MARKET NON-PERFORMING LOANS NONPERFORMING LOANS OFFSHORE FINANCIAL CENTERS OIL PRICES PENSION PENSION REFORM PENSION SYSTEMS PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIO INVESTMENT PORTFOLIO INVESTMENTS POTENTIAL OUTPUT PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PUBLIC BORROWING PUBLIC DEBT PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDS PUBLIC INVESTMENT REAL EFFECTIVE EXCHANGE RATES REAL ESTATE REAL GDP RECEIPTS RECESSION RESERVES RESIDENTIAL MORTGAGES RETURN RETURNS RISK AVERSION SAVINGS SOCIAL EXCLUSION SOVEREIGN BOND SOVEREIGN RATING SOVEREIGN RATINGS SOVEREIGN RISK SOVEREIGN RISKS STRUCTURAL REFORM STRUCTURAL REFORMS SUBSIDIARIES SUBSIDIARY TAX TAX BURDEN TAX INCENTIVES TAX REVENUES TELECOMMUNICATIONS TRADE BALANCES TRADE DEFICIT TRADE FLOWS TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNION VALUE ADDED VARIABLE INTEREST RATES WAGES WHOLESALE FUNDING WTO World Bank EU11 Regular Economic Report, Issue #27, June 2013 |
| geographic_facet |
Europe and Central Asia |
| relation |
EU11 regular economic report;No. 27 |
| description |
This economic report covers economic
developments, prospects, and policies in 11 European Union
(EU) countries. Throughout the report this group of eleven
countries is referred to as EU11.The economic recovery of
the EU11 countries was put on hold in 2012 as the external
environment weakened and domestic demand subsided. All EU11
countries, with the exception of Latvia, grew slower than in
2011. The overall Gross domestic product (GDP) growth of 0.8
percent in 2012 was just a quarter of the pace recorded the
year before. Domestic demand, in particular investment,
abated, leaving net exports as the sole driver of growth. In
addition, the number of EU11 countries in recession doubled
to four, after the Czech Republic and Hungary joined
Slovenia and Croatia. Overall, this empirical result
confirms that, in qualitative terms, the analyzed firm
characteristics affect job creation both during recessions
and economic recoveries. They indicate that the more
productive firms tend to be less vulnerable to economic
downturns. Accordingly, any type of activities that increase
productivity can be expected to reduce the overall exposure
of the EU11 economies to recessions and, therefore, should
allow firms to compete more successfully with international competitors. |
| format |
Economic & Sector Work :: Economic Updates and Modeling |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
EU11 Regular Economic Report, Issue #27, June 2013 |
| title_short |
EU11 Regular Economic Report, Issue #27, June 2013 |
| title_full |
EU11 Regular Economic Report, Issue #27, June 2013 |
| title_fullStr |
EU11 Regular Economic Report, Issue #27, June 2013 |
| title_full_unstemmed |
EU11 Regular Economic Report, Issue #27, June 2013 |
| title_sort |
eu11 regular economic report, issue #27, june 2013 |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/06/17854302/eu11-regular-economic-report-macroeconomic-report-economic-recovery-hold-special-topic-determinants-joc-creation-eu11-evidence-firm-level-data http://hdl.handle.net/10986/16527 |
| _version_ |
1764433929273606144 |
| spelling |
okr-10986-165272021-04-23T14:03:31Z EU11 Regular Economic Report, Issue #27, June 2013 World Bank ACCESS TO FINANCE ACCESS TO FINANCING ACCOUNTING ADVANCED ECONOMIES ADVERSE IMPACT AGRICULTURE BALANCE SHEETS BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK OF ENGLAND BANK OF JAPAN BANKING MARKETS BANKING SECTOR BASIS POINTS BOND BOND ISSUANCES BORROWER CAPITAL FLOWS CAPITAL FORMATION CAPITAL INFLOWS CAPITAL MARKET CAPITAL OUTFLOW CDS CENTRAL BANK CENTRAL BANKS COMPETITIVENESS CONFIDENCE INDEX CONSOLIDATION CONSUMER CONFIDENCE CONSUMER LOANS CONSUMER PRICE INDEX CREDIT CONSTRAINTS CREDIT CONTRACT CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT GROWTH CREDIT RATINGS CREDITORS CROSS-BORDER FLOWS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT FLOWS DEBT LEVELS DEBT RATIO DEFICITS DEFLATION DEPOSIT DEPOSITS DISABILITY PENSIONS DISPOSABLE INCOME DIVERSIFICATION DOMESTIC DEMAND ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS EIB EMERGING MARKETS EMPLOYMENT GROWTH ENFORCEMENT OF CONTRACT EQUIPMENT EUROPEAN CENTRAL BANK EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL SHOCKS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL STABILITY FINANCING NEED FINANCING NEEDS FISCAL DEFICIT FISCAL DEFICITS FISCAL EFFORT FISCAL EFFORTS FISCAL POLICIES FISCAL POLICY FIXED CAPITAL FLOATING EXCHANGE RATES FORECASTS FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS GDP GLOBAL ECONOMY GLOBAL FINANCIAL STABILITY GLOBAL MARKETS GLOBAL TRADE GOVERNANCE ISSUES GOVERNMENT BONDS GOVERNMENT BORROWERS GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH RATE HOLDING HOLDINGS HOUSEHOLDS HOUSING HUMAN RESOURCES IMBALANCES IMPORT TARIFFS IMPORTS INDEBTEDNESS INFLATION INFLATION RATE INFLATIONARY PRESSURES INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL SETTLEMENTS INVENTORIES INVENTORY INVESTMENT ACTIVITY INVESTMENT DECISIONS INVESTMENT PORTFOLIO ISSUANCE JOB CREATION KEY CHALLENGE LABOR COSTS LABOR MARKET LABOR MARKETS LENDERS LENDING CONDITIONS LIQUIDITY LOAN LOCAL MARKET LOCAL MARKETS LOSS OF REVENUE MACROECONOMIC CONDITIONS MACROECONOMIC PERFORMANCE MARKET CONDITIONS MARKET SHARE MARKET SHARES MINIMUM WAGE MINISTRIES OF FINANCE MONETARY AUTHORITIES MONETARY POLICIES MONETARY POLICY NET EXPORTS NEW MARKET NON-PERFORMING LOANS NONPERFORMING LOANS OFFSHORE FINANCIAL CENTERS OIL PRICES PENSION PENSION REFORM PENSION SYSTEMS PORTFOLIO PORTFOLIO FLOWS PORTFOLIO INFLOWS PORTFOLIO INVESTMENT PORTFOLIO INVESTMENTS POTENTIAL OUTPUT PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PUBLIC BORROWING PUBLIC DEBT PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDS PUBLIC INVESTMENT REAL EFFECTIVE EXCHANGE RATES REAL ESTATE REAL GDP RECEIPTS RECESSION RESERVES RESIDENTIAL MORTGAGES RETURN RETURNS RISK AVERSION SAVINGS SOCIAL EXCLUSION SOVEREIGN BOND SOVEREIGN RATING SOVEREIGN RATINGS SOVEREIGN RISK SOVEREIGN RISKS STRUCTURAL REFORM STRUCTURAL REFORMS SUBSIDIARIES SUBSIDIARY TAX TAX BURDEN TAX INCENTIVES TAX REVENUES TELECOMMUNICATIONS TRADE BALANCES TRADE DEFICIT TRADE FLOWS TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNION VALUE ADDED VARIABLE INTEREST RATES WAGES WHOLESALE FUNDING WTO This economic report covers economic developments, prospects, and policies in 11 European Union (EU) countries. Throughout the report this group of eleven countries is referred to as EU11.The economic recovery of the EU11 countries was put on hold in 2012 as the external environment weakened and domestic demand subsided. All EU11 countries, with the exception of Latvia, grew slower than in 2011. The overall Gross domestic product (GDP) growth of 0.8 percent in 2012 was just a quarter of the pace recorded the year before. Domestic demand, in particular investment, abated, leaving net exports as the sole driver of growth. In addition, the number of EU11 countries in recession doubled to four, after the Czech Republic and Hungary joined Slovenia and Croatia. Overall, this empirical result confirms that, in qualitative terms, the analyzed firm characteristics affect job creation both during recessions and economic recoveries. They indicate that the more productive firms tend to be less vulnerable to economic downturns. Accordingly, any type of activities that increase productivity can be expected to reduce the overall exposure of the EU11 economies to recessions and, therefore, should allow firms to compete more successfully with international competitors. 2014-01-08T22:26:01Z 2014-01-08T22:26:01Z 2013-06 http://documents.worldbank.org/curated/en/2013/06/17854302/eu11-regular-economic-report-macroeconomic-report-economic-recovery-hold-special-topic-determinants-joc-creation-eu11-evidence-firm-level-data http://hdl.handle.net/10986/16527 English en_US EU11 regular economic report;No. 27 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Europe and Central Asia |