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CESEE: Stress of Competition is Growing

Published: February 20, 2013; 12:04 · (Vindobona)

CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.

CESEE: Stress of Competition is Growing / Picture: © Vindobona.org

CEE economies are dominated by the secondary sector. The share of industry in the overall economic activity oscillates around 30%, whereas the industrial sector in the euro area lies at only 19% of GDP. In terms of overall competitiveness, the CEE countries analyzed in the report hover around a value of 4 on a scale from 1 to 7. This amounts to a rank of 39 for the Czech Republic and a…

This article includes a total of 472 words.

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