wiiw Forecast Reports
Convergence monitor: Positive trends but long-term challenges
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in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 38-44
Recent convergence progress has been good in most of the region, but is more likely to reflect the stage of the business cycle rather than a fundamental increase in the speed of catching up. Convergence is a long-term matter, and it will take decades for most of CESEE to approach Western European income levels.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database