Countries Overview
Albania
Our forecasts are largely unchanged from the spring, and we continue to expect the economy to remain strong and grow above 4% in the medium term. Both domestic ...
Belarus
The economy has rebounded thanks to an improving external environment and a policy stimulus engineered through wage rises. Real disposable income rose sharply ...
Bosnia and Herzegovina
Political risk is unusually high following the recent election, and in particular the potential for a constitutional crisis in the Federation. This will have ...
Bulgaria
GDP grew by 3.3% in the first half of 2018 which was below the rates of growth in the three preceding years. The moderation in output growth coincided with a ...
Croatia
Croatia’s economy will continue its path of moderate growth, with annual GDP growth of slightly below 3% in the period 2018-2020; increasing the absorption of...
Czech Republic
The Czech economy may face a period of slowing growth. Tight labour markets and the wage push which have supported growth recently may produce second-round ...
Estonia
Investment activity has abated so far in 2018, following last year’s peak growth induced by fresh inflows of EU funds. However, external demand continued ...
Hungary
The Hungarian economy expanded by 4.8% in Q2 of 2018, reaching the zenith of the current business cycle. Growth has been driven by the extraordinarily rapid ...
Kazakhstan
GDP will grow by 4% in 2018, mainly owing to high oil prices and expansion of production in the oil sector. In 2019-2020, the economy will continue benefiting ...
Kosovo
We forecast that growth will strengthen further to above 4%. Imminent risks due to political tensions surrounding the consultations about territorial swapping ...
Latvia
Both public and private investment have kept the economy growing at a high pace in 2018 and exports evolved more strongly than expected. Household consumption ...
Lithuania
Public and private investment have driven growth in the Lithuanian economy for another year. A further decline in unemployment has resulted in rapid wage ...
Macedonia
The Macedonian economy started to recover in 2018 owing to a strong revival of industry and solid export performance. Real GDP is projected to grow by about 3% ...
Montenegro
In 2018, GDP will grow by 4.2% – better than previously expected. The main driving forces behind the dynamic growth are fast growing investment and exports. ...
Poland
Despite lower profits the corporate sector’s financial standing and financing conditions are good. But the private domestic firms are reluctant to expand ...
Romania
The Romanian economy is experiencing an unavoidable slowdown, following a boom based on fiscal stimulus of household consumption in the past two years. Economic...
Russia
The Russian economy continues to grow at a slow pace. The unimpressive performance is forecast to last even in the medium term since no improvements in either ...
Serbia
Current economic growth and the near-term outlook are as good as has been the case at any time since the global financial crisis a decade ago. A combination of ...
Slovakia
Slovakia’s growth accelerated in the first half of 2018 on a broad base. Forecasts for this and next year amount to 3.8% and about 4% respectively, thanks to ...
Slovenia
GDP growth is expected to reach 4.5% in 2018, but will slow due to lower export growth in the forecast period. Domestic demand, investments fuelled by EU ...
Turkey
Turkey’s economy is heading for recession, and is set to face at least several difficult quarters. US monetary tightening, and domestic and international ...
Ukraine
Thanks to the booming domestic demand, economic growth should exceed 3% this year but will likely decelerate somewhat in 2019 due to recent monetary policy ...