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CESEE Region: Booming Exports Prevent Recession
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The underlying reason for the improving economic sentiment in the CESEE region is the expanding industrial sector. However, the region remains vulnerable to foreign trade and foreign investments.
CESEE Region: Booming Exports Prevent Recession / Picture: © Vindobona.org
Economic growth in the CESEE region is still mainly driven by net exports. In the last quarter of 2013 and in 2014, economic growth is expected to accelerate. Since 2008, the average GDP growth only amounts to 0.5% in the CESEE region.
Above all, the CESEE region suffers from structural difficulties. Unlike in the pre-crisis years, the increase in foreign demand does not go in…
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