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CESEE: Overtaking Western Europe Not Before 2055
According to the European Bank for Reconstruction and Development, the transition period of Central, Eastern and Southeastern Europe will take longer than initially expected.
CESEE: Overtaking Western Europe Not Before 2055 / Picture: © Vindobona.org
In the years between 2000 and 2008, CESEE was one of the most dynamic economic regions in the world. In 2008/09, the region was hit hard by the financial crisis. Although economic growth could return relatively quickly, the CESEE countries are still vulnerable to external shocks. The region as a whole still highly depends on foreign sentiments and foreign direct…
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