CEE Slowly Escapes Economic Crisis

Politics ♦ Published: July 4, 2013; 17:38 ♦ (Vindobona)

Slovenia, Croatia and the Czech Republic have slipped into recession. Experts are particularly worried about the newest EU member.

CEE Slowly Escapes Economic Crisis / Picture: © Vindobona.org

Central and Eastern Europe (CEE) is only slowly dragging itself out of the economic crisis. Only for 2014/15 a gradual but weak growth is expected, the Vienna Institute for Economic Studies (WIIW) announced. “Europe has to some extent decoupled from the global developments,” head of the Institute Michael Landesmann explains. He expects a slow recovery of the economy, however, with…