PowerPoint Presentationbruegel.org/wp-content/uploads/2019/05/Hlib-presentation.pdf · 2,9 4,6 5,4...
11
Transcript of PowerPoint Presentationbruegel.org/wp-content/uploads/2019/05/Hlib-presentation.pdf · 2,9 4,6 5,4...
(20%)
(15%)
(10%)
(5%)
0%
5%
1Q
15
3Q
15
1Q
16
3Q
16
1Q
17
3Q
17
1Q
18
3Q
18
1Q
19
(2,2%)
1,0%
(6%)
(4%)
(2%)
0%
2%
4%
6%
Dec
emb
er-1
3
Mar
ch-1
4
Jun
e-1
4
Sep
tem
ber
-14
Dec
emb
er-1
4
Mar
ch-1
5
Jun
e-1
5
Sep
tem
ber
-15
Dec
emb
er-1
5
Mar
ch-1
6
Jun
e-1
6
Sep
tem
ber
-16
Dec
emb
er-1
6
Mar
ch-1
7
Jun
e-1
7
Sep
tem
ber
-17
Dec
emb
er-1
7
Mar
ch-1
8
Jun
e-1
8
Sep
tem
ber
-18
Dec
emb
er-1
8
Mar
ch-1
9
General gov't balance* Primary balance
2,9
4,6
5,4
4,5
3,6
6,6 6,8 6,3
0
1
2
3
4
5
6
7
82
01
7
20
18
20
19
20
20
20
21
20
22
20
23
20
24
20
25
20
26
20
27
20
28
20
29
20
30
20
31
20
32
Quasi-sov.
IMF (reserves)
Sov. Eurobonds
US/EU/WB
IMF (budget)
Interest
Gov't Total
Public Sector Total
Albania
Poland Kosovo
Belarus
Lithuania
Slovakia
Montenegro
Hungary
Latvia
Estonia
Makedonia
Slovenia
Bulgaria
Serbia
Russia
Romania
Czech Republic
Moldova
Croatia
Ukraine
0%
1%
2%
3%
4%
5%
6%
0 1 2 3 4 5 6 7 8 9
Number of years of real GDP decline (1996-2017)
Avera
ge r
eal G
DP g
row
th (
1996-2
017)
Note: 2001-2017 data for Montenegro and Kosovo, 1999-2017 data for Serbia. Source: IMF, Dragon Capital
•
•
•
•
•
•
0
1
2
3
4
5
6
7
8
9
10
11
0
1
2
3
4
5
6
7
8
9
10
11
•
•
•
•
•
