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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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Czech Republic

The robust demand for consumer, investment and export goods is conducive to broad-based growth. However, deepening labour shortages are preventing further ...

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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 ...

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Hungary

Economic growth in 2017 amounted to 4%, with household consumption growing quicker than GDP, reflecting the dynamic expansion of real wages. Investments ...

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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 ...

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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, ...

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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 ...

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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 ...

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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...

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Montenegro

Overall, the economy should expand by 3% in the medium term. Assuming EU recovery is sustained, tourism should continue to support expansion. Infrastructure ...

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Poland

Strong consumption-driven growth has been propelled by rising wages and employment. The economic conditions are conducive to a recovery in private-sector ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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. ...

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