Growth in CESEE Region Flattens Further

BusinessEconomy ♦ Published: July 6, 2012; 16:56 ♦ (Vindobona)

The Vienna Institute for International Economic Studies (WIIW) lowers ist forecast for the CESEE region.

Growth in CESEE Region Flattens Further / Picture: ©

The economic research institute expects a further deterioration of the economic growth in the Central, Eastern and Southeastern Europe (CESEE). Economic forecasts were lowered for eight countries for 2012. For next year, growth expectations of four countries were reduced.

According to WIIW, the CESEE region faces a „disappointingly low economic growth“ this year. Above all,…