The euro is under serious pressure. Although in the early months of the financial crisis of 2008 the euro has served EMU’s member states very well, there are increasing doubts about its survival in the long run
Paraguay has posted a very high economic growth rate in 2010, thanks to rapid growth of exports of soybeans and meat. However, the economic structure of the country remains weak, in particular through the strong dependence on agricultural export products.
The fragile political stability is currently the main weakness of Romania. Although the cabinet survived three votes of no-confidence last year, dissatisfaction also within the coalition over the harsh austerity measures is rising.
Economic recovery in Bulgaria was weak in 2010 (-0.1%), largely because domestic demand and investment were suppressed by higher unemployment and still tight credit conditions. For 2011 and 2012, a slow recovery is expected to around 2.5% and 3.5%, respectively.
After Azerbaijan managed to post strong growth in 2009, slow growth in oil and gas output will constrain GDP growth to between 3 and 4 percent in the coming years.
Economic Report Dutch version
In November 2010 government leaders endorsed the more stringent bank capital and liquidity requirements,as proposed by the Basel committee. Although the new requirements are to be phased in gradually and will be less tough than initially proposed, the impact of the Basel III accord will nonetheless be considerable.
Bangladesh (Country report)