CESEE Faces Economic Recovery

Businessn.a. ♦ Published: August 24, 2013; 14:45 ♦ (Vindobona)

According to Moody´s, the economic outlook for Central, Eastern and Southeastern Europe is positive. Nevertheless, the recovery is still fragile.

CESEE Faces Economic Recovery / Picture: © Coface, CEE Top 500

Analysts of Moody´s report that the CESEE region benefits from a rebound in industrial production. As a result, the exporting industrial sector is CESEE´s main growth driver again. However, consumer confidence remains rather weak. Due to the tight lending policy and the high unemployment rates, domestic demand is still under pressure.

Above all, Central Europe is performing…