Southeastern Europe Faces Recession

BusinessEconomy ♦ Published: July 7, 2012; 19:15 ♦ (Vindobona)

According to the Vienna Institute for International Economic Studies (WIIW), Southeastern Europe is the weak point among European emerging countries.

Southeastern Europe Faces Recession / Picture: ©

In 2012, six countries in the CESEE region (Central, Eastern and Southeastern Europe) are anticipated to record a negative economic growth. Four of them are Southeastern European countries. In Croatia, the economy is expected to shink by 1.5%. Also Slovenia should record a negative growth rate of 1.5%. Serbia (-1.0%) and Bosnia (-0.5%) are hit by a recession too.

Peter Havlik,…