Countries Overview
Albania
The drivers of growth will continue to be consumption, big infrastructure projects and tourism. The investments in infrastructure will be channelled through ...
Belarus
GDP in Belarus grew by 2.4%, defying the expectations of a continuing recession. Thanks to an improvement in the external environment, manufacturing output and ...
Bosnia and Herzegovina
The economy is benefiting from highly supportive external conditions, which are driving strong growth of remittances and exports. These trends should continue ...
Bulgaria
In 2017, Bulgaria’s GDP grew by close to 4%, similarly to the previous year. The pattern of growth switched from being export led in 2016 to being driven by ...
Croatia
Croatia’s GDP is projected to grow by up to 3% in the period 2018-2020, driven primarily by domestic demand. The general government is expected to report low ...
Czech Republic
The robust demand for consumer, investment and export goods is conducive to broad-based growth. However, deepening labour shortages are preventing further ...
Estonia
Investment activity picked up more strongly than expected in both the private and the public sectors, pushing GDP growth to 4.3% in 2017. Although it has ...
Hungary
Economic growth in 2017 amounted to 4%, with household consumption growing quicker than GDP, reflecting the dynamic expansion of real wages. Investments ...
Kazakhstan
The Kazakh economy has been expanding mainly on the back of the oil sector. Lack of economic diversification will limit the scale of GDP growth to about 3% per ...
Kosovo
The economy is growing strongly, reflecting a boom in key sources of remittances and export demand. With growth showing no signs of slowing in Western Europe, ...
Latvia
Following a remarkable 2017, when GDP growth attained 4.5%, Latvia’s economy will keep prospering at its potential in both 2018 and 2019. Public spending is ...
Lithuania
In 2018, economic growth in Lithuania will be driven by ongoing strong public investment, underpinned by fresh funds from the EU. The continued decline in ...
Macedonia
Recovery of growth to around 3% should lead to growth accelerating to 3.5% and even 4% in the medium term under more positive external developments. Investments...
Montenegro
Overall, the economy should expand by 3% in the medium term. Assuming EU recovery is sustained, tourism should continue to support expansion. Infrastructure ...
Poland
Strong consumption-driven growth has been propelled by rising wages and employment. The economic conditions are conducive to a recovery in private-sector ...
Romania
Economic growth in Romania is expected to decline from close to 7% last year to 4.7% in 2018, and even lower in the following two years. Fiscal imbalances will ...
Russia
The Russian economy has returned to growth. The inflation target of 4% has been comfortably met, and the rouble has been appreciating. However, in the absence ...
Serbia
Slow recovery and tenuous political stability is the medium-term prospect. This means growth of around 3% on average in the medium run. A recovery of ...
Slovakia
Slovakia grew at a solid pace throughout 2017, fostered by accelerating household consumption. Forecasts for this and the next year amount to 3.8% and around ...
Slovenia
GDP growth is set to remain high (3.6% p.a.) in the forecasting period, albeit moderating from the peak of 2017. Domestic demand and exports are expected to be ...
Turkey
The economy had a strong 2017, underpinned by significant government stimulus and booming external demand. Growth will be lower during the forecast period, but ...
Ukraine
Economic recovery is projected to accelerate from an estimated 2.1% last year to around 3% p.a. in 2018-2020, mostly thanks to an expected recovery of exports. ...