Countries Overview

Albania

Albania’s GDP growth rates are expected to hover around 1% in the years to come. Weak domestic demand, especially due to fiscal austerity measures, is the ...

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Bosnia and Herzegovina

Bosnia and Herzegovina was enjoying respectable growth before being hit by floods in May and June. As a consequence, it is quite likely that no growth will be ...

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Bulgaria

Bulgaria’s economic and political scene has been recently dominated by the early elections due in October and the collapse of the Corporate Commercial Bank. ...

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Croatia

Croatia remains bogged down in recession for the sixth consecutive year. Fiscal consolidation and the overly indebted enterprise sector are the key obstacles to...

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Czech Republic

The Czech economy is finally recovering from the effects of fiscal consolidation. Given the relatively low levels of debt burdening both the government and the ...

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Estonia

In Estonia the prospects facing exporters are slim where the neighbouring countries to the east and the north are concerned. Household consumption provides life...

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Hungary

Economic growth in Hungary accelerated still more in the second quarter of 2014, driven by a robust take-off in investment and an increase in household ...

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Kazakhstan

Kazakhstan’s economic growth will drop to an annual rate of 4.5-5% over the period 2014-2016 owing to the delay in the launch of the Kashagan oil field and ...

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Kosovo

Despite a politically disputatious environment, economic growth in Kosovo is expected to home in on some 4% in both the current year and the two years ...

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Latvia

The slowdown of external demand in the Baltic region will have a negative impact on the pace of the Latvian economy, whereas the large rises in wages will keep ...

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Lithuania

While the economic tide is low in the countries bordering the Baltic Sea, the economy of Lithuania will continue to grow at a stable rate of 3% in 2014. Rising ...

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Macedonia

Macedonia continues to do better than most other Balkan countries. It does so by riding on the back of the country’s public investment and export performance....

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Montenegro

In Montenegro, growth will slow down over the current year owing to poor performance in terms of industrial production and investment. In the medium term, ...

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Poland

Driven by a major increase in gross capital formation, the Polish economy has entered a phase of relatively rapid growth, which is likely to extend into the ...

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Romania

In Romania, the growth setback following last year’s bumper harvest and export boom seems to be more severe than expected. The decline in investments, both ...

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Russia

The Russian economy is languishing in a prolonged slump. The country was already ‘stuck in transition and stagnation’ before the outbreak of the Ukraine ...

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Serbia

In Serbia, where fiscal adjustment is urgently required, this year’s recession may at best be followed by stagnation or slow growth in the medium term. The ...

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Slovakia

In the course of the current year, domestic demand has been taking over the role of the main engine of growth in Slovakia; it is expected to continue as such ...

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Slovenia

Increased foreign demand and rising investments supported by EU funds helped Slovenia to return to a growth path, at least temporarily, after the crisis. GDP ...

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Turkey

The Turkish economy performed reasonably well in the first half of 2014 despite the turmoil in the wake of the FED announcing a tapering of its monetary policy....

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Ukraine

In Ukraine, the ongoing military conflict in Donbass, curtailed trade relations with Russia and weakening private consumption are pushing the economy ever ...

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