Countries Overview

Albania

A credit market lacking vigour, a contraction of exports and meagre fiscal performance are restraining economic growth. Differently, an outstanding performance ...

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Belarus

Belarus has gone into recession for the first time in more than 15 years as a result of a combination of external shocks and chronic macroeconomic distortions. ...

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Bosnia and Herzegovina

On the basis of better investment and continued export growth, the recovery of close to 2% growth in GDP terms estimated for 2015 could accelerate and come ...

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Bulgaria

GDP growth in the first half of 2015 was supported by a robust upturn in exports in the first quarter. The strengthening in the labour market contributed to the...

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Croatia

After six years of contraction, Croatia’s economy has returned to a growth pattern. The turnaround has been backed by rising external demand and a mild ...

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Czech Republic

Given the relatively low level of debt in the private sector and the growth-friendly monetary policy, a further moderate recovery should be forthcoming in ...

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Estonia

Dragged down by dwindling external demand in the neighbouring countries to the east and the current decline in investments, the Estonian GDP will grow by 1.9% ...

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Hungary

After six quarters featuring GDP growth rates higher than 3%, the second quarter of 2015 brought about a deceleration in the pace of economic expansion to 2.7%....

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Kazakhstan

Increasing costs of keeping the KZT/USD exchange rate within the given band forced the government to switch to a floating currency regime, as a result of which ...

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Kosovo

The growth outlook for Kosovo remains stable. GDP growth in 2015, 2016 and 2017 is expected to hover around 4%, mainly on account of strong household ...

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Latvia

For 2015, our GDP growth forecast for Latvia remains almost unchanged at 2.4%. As expected, the slump in Russian demand has been offset by growth in exports to ...

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Lithuania

Throughout 2015, growth of the Lithuanian economy has been dampened by a slump in external demand in the CIS countries and the lower demand for oil products. ...

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Macedonia

The current year’s growth may turn out to be disappointing owing to a slowdown in both consumption and investment. Nonetheless, the growth rate should prove ...

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Montenegro

With stability assured, the adjustment process in Montenegro now needs to deal with external imbalances. This means that consumption will have to grow slowly, ...

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Poland

The current moderate and broad-based growth has yet to eliminate the excessive unemployment and put a stop to deflationary tendencies. The recent elections are ...

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Romania

In all likelihood, expanding private consumption and a recovery in investments will lead to an acceleration in economic growth in the order of 3.4% in 2015. VAT...

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Russia

The Russian economy plunged into a full-blown recession in 2015. Both exports and (even more so) imports were slashed, while the current account surplus surged ...

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Serbia

Growth will stabilise in the course of the current year, the upside risks to the forecast being the country’s weak performance in the latter half of the ...

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Slovakia

In 2015, surging investments will boost Slovak GDP growth, which is expected to reach 3.2%. Better conditions on the labour market will encourage household ...

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Slovenia

Slovenia’s economy has continued down its growth path in 2015. The rebound has been driven by rising external demand and a mild recovery in private ...

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Turkey

Economic growth has accelerated in the first half of 2015, driven by a hike in final consumption expenditures and an increase in private investment despite the ...

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Ukraine

After three quarters of deep recession, the recent months suggest a gradual bottoming out of the economy, albeit at a very low level. Fiscal austerity and high ...

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