Slow Growth in CEE Expected

Businessn.a. ♦ Published: January 11, 2012; 14:44 ♦ (Vindobona)

According to Raiffeisen Research, real GDP in CEE to grow by 2.0 per cent in 2012, while Austria set to post GDP decline of 0.5 per cent.

Slow Growth in CEE Expected / Picture: © Raiffeisen Bank International AG / S. Klimpt

“Central and Eastern Europe remains under the spell of the sovereign debt crisis in the eurozone,” Peter Brezinschek, Head of Raiffeisen Research, a unit of Raiffeisen Bank International AG (RBI), states referring to his team's newly revised 2012 growth forecasts for Central and Eastern Europe (CEE) . Raiffeisen Research expects the CEE region as a whole to post an average GDP…