CEE Defies Turbulences in the Eurozone

BusinessEconomy ♦ Published: July 5, 2012; 11:06 ♦ (Vindobona)

GDP in CEE expected to grow 2.6 per cent in 2012 – eurozone expected to shrink by 0.3 per cent. Growth forecast for Austria’s GDP at 0.7 per cent in 2012

CEE Defies Turbulences in the Eurozone / Picture: © Vindobona.org

Central and Eastern Europe (CEE) has so far withstood the turbulences in the eurozone well and developed with pleasing stability," analyses Peter Brezinschek, head of Raiffeisen Research, a unit of Raiffeisen Bank International AG (RBI). For 2012, the Raiffeisen chief analyst expects the CEE region as a whole to record average GDP growth of 2.6 per cent – with 3.2 per cent forecast…