Countries Overview

Albania

Buoyant household consumption and private investment have had a positive impact on GDP growth acceleration; sluggish external demand for Albanian products ...

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Belarus

The recession in Belarus has continued for the second year running. GDP dropped by 2.5% in the first half of 2016. Balance of payments constraints have ...

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Bosnia and Herzegovina

With politics as usual, economic developments cannot take all that radical a turnaround for better or for worse. Growth should thus be around 3% over the medium...

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Bulgaria

GDP grew by 3.5% in the first half of 2016, at the same rate as in the previous year. Growth remained relatively balanced, with both private consumption and ...

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Croatia

Croatia’s economy continues on its path of recovery, with GDP up by an estimated 2.5% in 2016. Growth is backed by a rise in domestic demand, both household ...

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Czech Republic

Solid external balances and low levels of indebtedness in both the private and public sectors will support moderate growth of above 2% over the period ...

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Estonia

Household consumption, backed by a rapid rise in minimum and overall real wages, continues to be the strongest driver of economic activity in Estonia. For the ...

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Hungary

Economic growth is expected to slow down to 2% in 2016 on account of a major decline in investments. Household consumption and net exports will contribute ...

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Kazakhstan

The economy has been anaemic in 2016 primarily due to poor performance in the oil sector. Oil production and exports are expected to increase following the ...

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Kosovo

The main reason for revising Kosovo’s GDP growth prospects downwards for the years ahead lies in the failure of a major foreign investment project in the ...

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Latvia

We have reduced our GDP growth forecast for 2016 to 2.4%. Private investment activity has become increasingly sluggish and public capital expenditure has been ...

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Lithuania

In 2016 economic growth has continued to be dampened by the slump in external demand both from the CIS economies and for oil products. Public investment has ...

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Macedonia

At present, the economy is not suffering from a misaligned exchange rate or financial problems. Thus, once the political crisis has been resolved, the country ...

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Montenegro

With political risks influencing investment decisions in both the private and public sectors, GDP growth may well prove disappointing in the current year. ...

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Poland

The current moderate and broad-based growth will continue throughout the biennium 2017-2018, with the GDP growth rate averaging 3.4%. The current evolution of ...

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Romania

Economic growth is projected to accelerate exceptionally to 4.7% in 2016. Private consumption has received a pro-cyclical boost by tax cuts and wage increases, ...

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Russia

The renewed plunge in oil prices at the beginning of 2016 has resulted in lower export and budget revenues, prompting a delay in stabilising the economy. Only ...

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Serbia

Macroeconomic balances are improving in terms of both the current account and fiscal deficits, while the rate of unemployment is dropping. The growth rate will ...

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Slovakia

An unexpectedly high GDP growth of 3.6% in the first half of 2016 has resulted in Slovakia being one of the most rapidly growing countries in the region. While ...

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Slovenia

In 2016 external demand has been the key driver of Slovenia’s GDP growth; it is expected to reach 2.4%. GDP growth will gain momentum throughout the forecast ...

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Turkey

Although economic growth was firm in the first half of 2016, driven by an increase in private consumption and government spending, expectations have somewhat ...

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Ukraine

The economy continues to recover, driven by marked growth in both investments and, to a lesser extent, private consumption. Rapid disinflation on the back of ...

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