Countries Overview

Albania

The Albanian economy continues to be supported by the reform of the energy sector and inflows of FDI. Nonetheless, fiscal austerity, high levels of ...

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Belarus

The economy of Belarus has entered a recession which is likely to continue through 2015. Belarus suffered severe losses in the most important Russian market ...

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Bosnia and Herzegovina

The first quarter of this year was not all that promising. Industrial production declined and exports increased only by slightly more than 2%. Imports declined,...

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Bulgaria

Bulgaria’s economy rebounded quite strongly in the first quarter of 2015 driven by a surge in exports. At the same time, domestic demand remained generally ...

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Croatia

The Croatian economy will return to a slightly positive growth path in 2015. Some acceleration of economic activity is expected over the 2016-2017 period on ...

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Czech Republic

The economy has finally recovered from unnecessary fiscal consolidation. With low levels of public and private debt and growth-friendly monetary and fiscal ...

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Estonia

Dragged down by dwindling external demand in the Eastern neighbourhood and an ongoing decline in investments, the Estonian GDP will grow by 2.2% in 2015. ...

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Hungary

In the first quarter of 2015 Hungary’s GDP grew by 3.5%. While in 2014 growth had been driven by a strong upturn in investment, in the first quarter of this ...

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Kazakhstan

In the first quarter of 2015, real GDP growth slowed down significantly due to poor export performance and weak internal demand. Access to credit worsened on ...

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Kosovo

For the forecasting period 2015-2017 we have revised Kosovo’s GDP growth figures upward. Economic growth will hover around a 4% trend rate, mainly due to a ...

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Latvia

For 2015 our GDP growth forecast for Latvia remains almost unchanged at 2.3%. As expected, the slump in Russian demand has been counterbalanced by growth in ...

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Lithuania

In 2015 the growth of the Lithuanian economy is suppressed by the slump in external demand both from the CIS countries and for oil products. Only part of the ...

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Macedonia

First-quarter growth of GDP was 3.2%. Basically, all components of demand contributed positively, though government consumption less than the others. On the ...

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Montenegro

Overall, short-term prospects are for some acceleration of growth while in the medium term even some speeding-up is likely. The latter will depend very much on ...

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Poland

The coming parliamentary elections may return to power former PM J. Kaczyński. This will not disturb moderate growth continuing in 2016. But the monetary ...

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Romania

The Romanian economy will most likely not slow down as previously expected but expand by some 3% in 2015. First-quarter GDP growth was quite robust fuelled not ...

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Russia

Assuming that the sanctions and oil prices remain at their current levels, the wiiw baseline scenario sticks to its earlier forecast of a close to 4% drop in ...

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Serbia

First-quarter 2015 data came in with negative growth, -1.8 over the first quarter of 2014. Some recovery of investment, on the demand side, and recovery of ...

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Slovakia

Growth prospects for Slovakia have improved and we have revised our forecast upwards, mostly due to a better outlook for the EU and strengthening domestic ...

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Slovenia

This year Slovenia’s economy has entered a period of moderately faster GDP growth than in 2014 which might continue in 2016-2017. Growth will mainly hinge on ...

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Turkey

Turkey is on a new path of lower growth, at around 3-4%, due to a novel policy mix that aims to restrict the current account deficit. In 2014 the growth rate ...

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Ukraine

The massive currency depreciation over the previous months and energy tariff hikes have led to an unprecedented spike in inflation, which is weighing heavily on...

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