CESEE: Business Climate Deteriorates

BusinessEconomy ♦ Published: November 7, 2012; 16:31 ♦ (Vindobona)

According to OeKB (Austrian Clearing Bank), the economic sentiment in Southeastern Europe is declining. Poland remains the growth engine.

CESEE: Business Climate Deteriorates / Picture: © Vindobona.org

In October, the business climate in Central and Eastern Europe has worsened again. Already three months before, the downward trend has begun. At the moment, companies are still satisfied with the performance of their subsidiaries in CESEE countries. However, the forecasts become more and more pessimistic. Not only the business forecasts are going down, but also the economic…