Twice a year, The Vienna Institute for International Economic Studies (wiiw) publishes its macroeconomic forecasts for 22 countries of Central, East and Southeast Europe (CESEE).
The main conclusions of the current wiiw Forecast Reports in a nutshell:
GDP forecasts for 2017 have been revised upwards for all Central and East European EU Member States (EU-CEE).
Farther east, especially in Russia, but also in the Western Balkans, the post-crisis recovery has been much weaker.
Private consumption is the main growth driver, underpinned by rising wages and household incomes.
Nonetheless, CESEE labour cost competitiveness is not yet endangered.
Gradually, along with expanding private consumption, investments have also gained …read more
Source: Emerging Europe