New Europe Household Wealth Monitor
Unicredit New Europe Division, PGAM Economic Research
Two papers are available on this topic.
- From a macro standpoint, a more detailed breakdown of National Account Statistics, such as that recently recommended by OECD, can allow the analysis of aggregate household assets according to risk. Such analysis can help define the “playing field” investors face.
- An update as of the end of 2004 from the UniCredit New Europe Research Network and the Pioneer Global Asset Management Economic Research Unit
Starting from May 1 2004., the enlarged Europe is a reality – eight Central and East European countries have joined the Union, while the target is approaching fast for Bulgaria and Romania, Croatia and, hopefully, also for Turkey. Economic growth appears to be the main driver for wealth accumulation. There are strong signs of convergence in Household Wealth Structures, while in areas such as Pension Funds some New Europe countries appear to be “jump-starting” development.
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