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Moody's: Overall Fiscal Situation In CEE Is Improving

Published: June 7, 2013; 15:05 · (Vindobona)

Because of austerity measures in most of the countries, the economic situation is slowly but steadily improving.However, the latest competitiveness report pains a bleak picture of the future.

Moody's: Overall Fiscal Situation In CEE Is Improving / Picture: © Flickr

Moody's Analytics, a leading independent source of economic forecasting, released its economic outlook for Central and Eastern Europe (CEE) for 2013 on June 6. According to the report, Central and Eastern Europe sees policy turns; Hungary's economy has ended its recession, whereas the latest Polish and Czech GDP numbers were lower than expected.

"The overall fiscal situation in…

This article includes a total of 421 words.

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