CESEE: Economy Slows Down Further

Businessn.a. ♦ Published: January 7, 2013; 12:40 ♦ (Vindobona)

CEE macro downturn to hit trough in Q1 2013; forecast GDP growth 2013: Poland 2.2%, Slovakia 1.3%, Romania 1.1%, Erste Group says.

CESEE: Economy Slows Down Further / Picture: © Vindobona.org

CEE markets will be driven by two major themes in 2013, Erste Group analysts point out in their latest “CEE markets and stocks” report published today. On the one hand, economic weakness and even recession are increasingly tangible, although the downturn is likely to bottom out in Q1 2013. What is more, the Eurozone crisis is seen as not massively escalate. Although…