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Wide Parts of CESEE Region Below Pre-Crisis Level
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In terms of economic output, a large number of CESEE countries have not reached the level of 2008 yet. The growth outlook remains cautious.
Wide Parts of CESEE Region Below Pre-Crisis Level / Picture: © Vindobona.org
Over the last months, the economic dynamics in the CESEE region decelerated further. In 2013, the GDP growth is expected to reach 2.0%. In May, the EBRD has anticipated a growth rate of 2.7%. Also in 2014, the recovery will be more modest than initially forecasted. According to the EBRD, the current slowdown is only partly cyclical. “Many of its causes are structural, reflecting lower…
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