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CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession

Published: November 26, 2012; 14:26 · (Vindobona)

Export weakness and suppressed domestic demand will push nearly half of the CESEE region into recession this year, including the Czech Republic, Hungary, Slovenia, and nearly all Western Balkan countries.

CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession / Picture: © Flickr

Also elsewhere, wiiw growth forecasts have been generally revised downwards. For the next year, we expect a return to positive growth in all CESEE countries (except Slovenia) which should slightly accelerate in 2014 – barring major shocks and conditional on improvements in the eurozone. These are the main results of the updated medium-term growth…

This article includes a total of 635 words.

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