Countries Overview

Albania

Growth has been held back by uneven energy supply. Although it will pick up in the next two years, it will remain below its potential. Private and government ...

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Belarus

The Belarusian economy has weakened owing to disruption in gas and oil supplies from Russia. Economic performance in the first half of 2019 was only supported ...

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Bosnia and Herzegovina

Prospects for growth are more or less where they almost always are; below 3% this year and around that level in the medium run. The political crisis is not all ...

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Bulgaria

After a strong first quarter, GDP growth slowed down reflecting a worsening domestic and external environment. Cost-push inflationary pressures were partly ...

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Croatia

The economy will grow by 2.9% in 2019, an improvement the last year, mainly due to the strengthening of domestic demand (both consumption and investment). ...

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Czech Republic

GDP growth has been losing momentum gradually as productive investment starts to decline. Labour resources are nearing depletion, but labour shortages have ...

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Estonia

Investment activity revived in 2019, following last year’s slowdown. Furthermore, external demand continued growing at a higher pace than expected. Household ...

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Hungary

Hungarian economic growth was strong in the first half of 2019, but the signs of a deceleration are already discernible. In Q2 compared to Q1, investment growth...

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Kazakhstan

GDP growth will remain robust at 4% in 2019, driven mainly by private consumption, but will slow to around 3.5% in 2020 and 2021, as the stimulating effect of ...

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Kosovo

Kosovo has been one of the fastest growing economies in the region and is likely to remain so. Growth will be supported by consumption and gross fixed capital ...

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Latvia

Economic growth has almost halved in comparison to the last two boom years. Investment growth has slowed, although household consumption remains robust. ...

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Lithuania

Growth accelerated again in 2019, underpinned in particular by public and private investment. A further decline in unemployment, a minimum wage hike and a ...

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Moldova

Economic growth should accelerate to about 5% in 2019 on account of booming investments. After correcting for the current overheating, growth is expected to ...

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Montenegro

Growth will slow to around 3% in the short run but may accelerate somewhat beyond that, depending primarily on the resumptions of ambitious government ...

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North Macedonia

The economy is recovering after its growth came to a halt during the political crisis two years ago. The potential growth rate is around 4%, at least as long as...

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Poland

Broad-based economic growth has continued. German economic stagnation is not yet affecting foreign trade, but industrial output has started to underperform. A ...

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Romania

Economic growth is even stronger than last year, and could reach 4.2% in 2019, driven by household consumption and investment. Monetary and fiscal policy ...

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Russia

Growth in the first half of the year decelerated sharply, largely on account of weaker investment activity and declining net exports. Private consumption ...

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Serbia

After posting comfortably its strongest real GDP increase for a decade in 2018, the Serbian economy has adjusted back to a more muted growth path, and should ...

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Slovakia

Slovakia’s growth decelerated sharply in the second quarter of 2019 due to declining exports and investments. Growth in the key automotive industry turned ...

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Slovenia

After a strong increase in 2018, economic activity slowed in the course of 2019 due to weakening foreign demand. However, thanks to a continued rise in ...

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Turkey

The economy is expanding in quarterly terms, but overall growth is still likely to be negative in 2019. From next year the recovery will firm; we expect the ...

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Ukraine

Progress in the peace negotiations with Russia and the reform agenda of the new government sent strong positive signals to investors. If the reforms are ...

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