Sponsored Content
Viennese International Economic Institute: Growth in Eastern Europe Weaker than Expected
The Central and Eastern European EU member states recorded weaker economic growth in the first quarter of this year, according to a recent study by the Vienna Institute for International Economic Studies (WIIW).
Even though many economies in Central, Eastern, and Southeastern Europe (CESEE) have shown impressive resilience in the face of the Ukrainian war, they are experiencing sluggish growth. / Picture: © Wikimedia Commons /Samotny Wędrowiec, CC BY-SA 3.0
The Visegrad countries of Poland, the Czech Republic, Slovakia, and Hungary, which are important for Austria, were particularly affected by the recession in Germany and the technical recession in the euro area. Inflation and higher interest rates also had a negative impact.
"German industry, in particular, is suffering, which has a negative impact on the Visegrad countries,…
or Log In
Fast News Search