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CESEE: Potential to Return to Pre-Crisis Growth
Published: December 18, 2013; 22:12 · (Vindobona)
According to a report published by the business adviser McKinsey, countries of Central, Eastern and Southeastern Europe are fundamentally strong.
CESEE: Potential to Return to Pre-Crisis Growth / Picture: © Vindobona.org
In the next years, the CESEE region may return to pre-crisis economic growth rates. Between 2000 and 2008, the region´s annual GDP growth came at 4.6%. However, the main condition therefore is that the countries update their business models.
Compared to their counterparts in Western Europe, most CESEE countries have a relatively low public debt quota. Moreover, GDP growth is…
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