Countries Overview
Albania
The economy is expected to grow at 3.6% in 2024, driven by robust domestic and external demand. Domestic demand is benefiting from strong household consumption,...
Belarus
Recent short-term indicators suggest that after slowing down towards the end of 2023, economic performance in Belarus strengthened at the beginning of 2024: in ...
Bosnia and Herzegovina
Inflation remained stable at 2% in Q1 2024, with no new inflationary pressures on the horizon. We are therefore reducing our inflation forecast for 2024 by 0.4 ...
Bulgaria
The snap parliamentary elections held at the same time as the European vote did not result in any major change on the political scene: the GERB party came first...
Croatia
Croatia’s GDP expanded by 3.9% year on year in Q1 2024. The country’s accession to the EU’s border-free Schengen Area and the euro area is providing a ...
Czechia
The Czech economy grew by 0.2% year on year in Q1 2024 , with household consumption and external demand contributing most significantly. Real wages finally grew...
Estonia
After two years of continuous recession, the Estonian economy is finally perking up. In Q1 2024, the economy experienced a 2.4% decline year on year, yet this ...
Hungary
GDP increased by 1.1% in the first quarter of the year. Services performed at above the average growth rate, while industry has witnessed considerable shrinkage...
Kazakhstan
Economic performance in Q1 2024 was weaker than expected, with real GDP growth of 3.7% year on year, down from 5.5% in Q4 2023. A 0.6% decline in oil production...
Kosovo
In 2024, economic growth will remain consumption led, with investment also contributing positively. A lower rate of increase in consumer prices, rising ...
Latvia
A contraction in external demand and investment resulted in GDP stagnating in Q1 2024. Looking ahead over the year as a whole, the economy will recover, though ...
Lithuania
In Q1 2024, the Lithuanian economy returned to growth mode, increasing by 2.9% in real terms year on year. Household consumption resumed its position as the ...
Moldova
The economy emerged from recession in mid-2023, but has not yet achieved sustained take-off. Early 2024 data indicate sluggish growth, based on a modest ...
Montenegro
The economy is continuing to grow robustly, with GDP expanding by 4.4% year on year in Q1. The main driver of growth was investment, with inflows of foreign ...
North Macedonia
Economic growth in the first quarter was weaker than anticipated. Despite robust fiscal support ahead of the elections and an increase in real wages, GDP grew ...
Poland
GDP rose by 2% year on year in Q1 2024, driven by strong consumption. External balances remain positive. Rising real wages and investment will speed up growth ...
Romania
Economic growth will be faster in 2024 than in the previous year, despite a modest start. In spite of recovering household consumption and a rapid expansion in ...
Russia
In Q1 2024, real GDP grew by 5.4% year on year, following 4.9% in Q4 2023. The high growth rate in Q1 should partly be viewed against the low basis from Q1 ...
Serbia
The overall economic situation in the country is continuing to improve, with GDP growth of 4.7% year on year in Q1. All sectors and GDP components experienced ...
Slovakia
After a figure of 1.6% in 2023, in Q1 2024 Slovakia experienced unexpectedly rapid GDP growth of 2.7% year on year, making it one of the fastest-growing ...
Slovenia
In 2024, Slovenia’s GDP is expected to grow by 2.4% – well above the EU average. Growth will be driven by government spending (primarily on rebuilding ...
Turkey
As expected, GDP growth in Q1 2024 was strong, but high-frequency economic indicators suggest a modest deceleration in domestic demand from Q2 2024. Household ...
Ukraine
The economy showed strong growth in Q1 2024 of about 4.5% year on year (according to estimates by the Ministry of Economy), as the functioning Black Sea ...