CEE Economic Growth Forecast: 3.8% in 2011

Business › Economy ♦ Published: January 13, 2011; 00:05 ♦ (Vindobona)

According to UniCredit, especially Turkey, Poland, Czech Republic and Estonia will bounce back impressively due to stronger industry and domestic demand.

CEE Economic Growth Forecast: 3.8% in 2011 / Picture: © Banco Santander

The regional GDP of Central and Eastern Europe will grow at 3.8 percent this year, up from 3.6 percent in 2010. Moreover every country in the region, as covered by the banking network of UniCredit, is expected to show gains for the first time in four years. The baseline global macro backdrop is supportive of CEE: The region´s core export markets such as Germany, France and Italy will…

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