Countries Overview

Albania

GDP growth is expected to increase progressively over the next three years; increasing by 2% in 2015, 2.2% in 2016 and 2.4% in 2017. The economy might benefit ...

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Belarus

The Belarusian economy has been hit hard by the indirect impact of the recent plunge in oil prices. Thanks to a modest upturn in the second and third quarters, ...

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Bosnia and Herzegovina

The economy suffered a downturn in the aftermath of the disastrous floods in spring 2014. Still, the GDP recorded a modest increase for the year as a whole. ...

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Bulgaria

Economic activity in Bulgaria remained sluggish throughout most of 2014; weak GDP growth is likely to continue in 2015, driven mainly by household consumption ...

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Croatia

In Croatia GDP fell for the sixth consecutive year; however, the country is likely to return to a slightly positive growth path in 2015. Household ...

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Czech Republic

The Czech economy has finally recovered from the effects of fiscal consolidation. Given the relatively low level of debt burden in both the government and ...

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Estonia

Given the sluggish external demand, economic growth in 2015 compared to the previous year is not expected to accelerate. However, an increase in earnings ...

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Hungary

Even though Hungary has left recession behind, it has not yet embarked on a sustainable growth path. The strong external stimulus to growth lent by the EU ...

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Kazakhstan

The drop in global oil prices and depreciation of the Russian rouble has led to deterioration in Kazakhstan’s economic outlook. In 2015, growth will slow down...

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Kosovo

The growth outlook for Kosovo had to be revised downwards slightly owing to a longer than expected formation of a new government as well as an exodus of the ...

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Latvia

Prospects for the Latvian economy in 2015 have gradually deteriorated. The major devaluation of the Russian rouble and the Russian economic slump will drag down...

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Lithuania

The setback in the neighbouring countries to the east, which hit exporters hard last year, will continue and economic growth will decelerate in 2015. Both ...

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Macedonia

Growth has been speeding up, yet is bound to flatten somewhat in the current year as well as in the medium term. This is primarily due to a slowdown in ...

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Montenegro

Growth in the previous year fell short of expectations: it was probably not more than 1.3%. It can be attributed to slower growth in exports. The government...

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Poland

Driven by a major increase in investment, the Polish economy has entered a phase of moderately faster growth, which is likely to extend into 2016. In the ...

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Romania

Expanding private consumption and a good harvest softened the economic slowdown generated by an investment slump. Further slowdown is expected in 2015, ...

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Russia

Russia was in the direst straits even before the Ukraine crisis. Sanctions have deterred investments still further, instigated capital flight and boosted ...

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Serbia

The economy slid into recession in 2014. It is expected at best to stagnate over the current year. This is mostly due to the fiscal consolidation measures ...

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Slovakia

Domestic demand replaced exports as the main engine of growth in 2014. This pattern will be maintained in the years to come. A major contributory factor is a ...

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Slovenia

Slovenia’s economy returned to growth in 2014 after two years of contraction. The rebound has been driven by rising external demand and a revival in ...

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Turkey

Thanks to the continuing rise in foreign demand and with the help of major government transfers, the Turkish economy is likely to have grown by 3% in 2014. In ...

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Ukraine

In 2015, the ongoing military conflict, the erosion of incomes by galloping inflation and the collapse of trade and investment will plunge the economy into deep...

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