FIRST HALF OF 1998: DYNAMIC
ECONOMIC GROWTH IN THE UN/ECE REGION RISING RISKS IN TRANSITION
ECONOMIES
3 July 1998
UN/ECE issues its second 1998 Economic
Survey of Europe
The United Nations Economic Commission for Europe (UN/ECE)
publishes its second 1998 Economic Survey of Europe. This Survey analyses the economic developments of the 55 countries of the
region in the first half of 1998.
Part One contains an overview of the economic situation and
outlook in the ECE region at mid-year and updates the more
extensive analysis provided earlier in the year in the first
issue of the 1998 volume (see excerpt attached). The review of
the economic situation in Part One of this issue is based on data
and information available to the secretariat at the beginning of
June 1998.
Part Two contains a selection of papers presented to the
UN/ECE's Spring Seminar in April 1998 which was devoted to the
problems of enterprise and bank restructuring in the transition
economies. They highlight the continuing fragility of the
enterprise and financial sectors in many of the transition
economies, a fragility which renders them especially vulnerable
to external financial shocks emanating from other parts of the
world economy.
Part Three consists of a statistical appendix, which appears
in all issues of the Survey, of long-run series for
the principal macroeconomic variables in the ECE member
countries; the tables incorporate the revisions made by national
statistical offices and available to the secretariat in June
1998.
The 1998 volume of the Survey is the fifty-first in a
series of reports prepared by the secretariat of the United
Nations Economic Commission for Europe. Until now the Economic
Survey of Europe has been an annual publication as was the Economic
Bulletin for Europe, the secretariat's second publication
which focused on trade and payments issues. At its fifty-second
session, in April 1997, the Commission decided to replace these
two publications with an annual Survey of three issues
starting in 1998. The present issue is the second issue of
the 1998 volume. The first issue appeared in May and the
third is scheduled for late November.
For any further information and queries please
contact:
Economic Analysis Division
United Nations Economic Commission for Europe (UN/ECE)
Palais des Nations
CH - 1211 Geneva 10, Switzerland
Tel: + (4122) 9172718
Fax: + (4122) 9170309
E-mail: [email protected]