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CESEE: Overtaking Western Europe Not Before 2055
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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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