Kotian: “Growth in CEE is Accelerating“

More+Comment ♦ Published: January 20, 2014; 13:16 ♦ (Vindobona)

In an interview with Austrian daily “Wirtschafts-Blatt”, CEE expert at Erste Group, Juraj Kotian, points out that the bond market is expected to see growth supported by the successful reduction of debts and high economic growth.

Kotian: “Growth in CEE is Accelerating“ / Picture: © Vindobona.org

Despite the IMF’s concern about massive capital outflows from the CEE region, Erste Group is still forecasting a favorable outlook. The reason for the capital outflow is the withdrawal of foreign banks, as pointed out by Kotian. Moreover, the countries reveal massive current account balance surpluses and do not rely on external financing to cover a current account…