CEE Less Vulnerable to Severe Economic Crisis

BusinessEconomy ♦ Published: October 17, 2011; 14:18 ♦ (Vindobona)

The reaction of the CEE region to the global slowdown should be less severe than in the post-Lehman crisis, as CEE economies are in a completely different stage of their economic cycle and have reduced their imbalances.

CEE Less Vulnerable to Severe Economic Crisis / Picture: © Vindobona.org

Three years after the Lehman collapse, the stress on the financial market has returned with full force. The growing debt overhang of advanced economies and too many unanswered questions about the future model of the Euro Area have increased uncertainty on the markets.

At first glance, the current situation might look similar to the post- Lehman period, as the spill-over channels…