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Southeastern Europe Faces Recession
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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: © Vindobona.org
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,…
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