CEE: Catch-Up Process Starts Again

Business › Economy ♦ Published: November 22, 2010; 10:25 ♦ (Vindobona)

After the growth break caused by the economic crisis, Eastern Europe is back on the upswing. However, the catch-up process has been delayed by years.

CEE: Catch-Up Process Starts Again / Picture: © Vindobona.org

Growth is back, but normal operation has not returned as yet. In the long-term growth path, the countries of Central and Eastern Europe have been set back several years. These are the findings by the wiiw (Vienna Institute for International Economic Studies).

During the economic crisis, many CEE countries experienced a recession for the first time after the reforms in the '90s,…

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