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Economic research
Our team of economists delivers cutting-edge analysis and insights on the latest economic trends and developments in the countries where we invest.
Transition Report 2020-21
The State Strikes Back
10 November, 2020
As the coronavirus pandemic sparks calls for more state intervention, countries face tough choices to determine whether an increased role for government will have positive or negative consequences in the long term.
The Transition Report 2020-21 looks at the size of the state in various economies and the role of state-owned enterprises and state banks in the modern economy. It also examines the part that the state plays in supporting transition to a green economy.
ISBN:978-1-898802-518
Digital edition
See the online Transition Report, which also features 37 country assessments. This year in response to the coronavirus crisis we have added sections entitled ‘Covid-19: macroeconomic implications’ as well as ‘Policy response to Covid-19’. This is in addition to our usual commentary on structural reform developments and key priorities.
Chapters
Executive summary
PDF format / 0.18 MBForeword
PDF format / 0.07 MBChapter 1: How big is the state?
PDF format / 1.55 MBChapter 2: State-owned enterprises
PDF format / 4.93 MBChapter 3: State banks on the rise
PDF format / 1.19 MBChapter 4: The state and the green economy
PDF format / 0.99 MBStructural reform
PDF format / 0.51 MBMethodological Notes
PDF format / 0.22 MBAcknowledgements
PDF format / 0.05 MBCountry assessments
All countries
PDF format / 2.63 MBCentral Europe and the Baltic states
Central Europe and the Baltic states
PDF format / 0.58 MBCroatia
PDF format / 0.11 MBEstonia
PDF format / 0.11 MBHungary
PDF format / 0.11 MBLatvia
PDF format / 0.12 MBLithuania
PDF format / 0.11 MBPoland
PDF format / 0.12 MBSlovak Republic
PDF format / 0.13 MBSlovenia
PDF format / 0.12 MBCentral Asia
South-eastern Europe
South-eastern Europe
PDF format / 0.77 MBAlbania
PDF format / 0.11 MBBosnia and Herzegovina
PDF format / 0.11 MBBulgaria
PDF format / 0.10 MBCyprus
PDF format / 0.11 MBGreece
PDF format / 0.11 MBKosovo
PDF format / 0.12 MBMontenegro
PDF format / 0.13 MBNorth Macedonia
PDF format / 0.13 MBRomania
PDF format / 0.13 MBSerbia
PDF format / 0.13 MBEastern Europe and the Caucasus
Transition Reports
The EBRD's annual economic report is published in November.