Countries Overview

Albania

The economy will continue to grow at above 3.6% in the medium term. Investment-driven economic growth will be supported by international capital inflows. A ...

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Belarus

The Belarus economy is undergoing a painful adjustment and a prolonged recession. In 2016, GDP plunged by 2.6%, after falling by 3.8% the previous year. A ...

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Bosnia and Herzegovina

Growth momentum improved in the second half of 2016, and this should continue in 2017, as a strengthening labour market and rising wages boost private ...

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Bulgaria

Bulgaria has a new president and is expecting a new government after the early elections in March 2017. The economy is in relatively good shape, with GDP ...

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Croatia

Croatia’s economy returned to a stable path of growth in 2016. Prospects are favourable as well, with annual GDP growth of up to 3% until the end of the ...

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Czech Republic

Solid external balances and low levels of indebtedness in both the private and the public sector will support moderate growth of above 2% in the period ...

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Estonia

In the next two years, we will see an improvement in the terms of trade with Western markets; meanwhile exports to Russia have already started to recover. ...

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Hungary

Over the next three years, economic growth is forecast to remain above 3%. In 2016, the expansion of household consumption was the main driver of growth, and ...

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Kazakhstan

Higher oil prices allowed for faster economic growth and stabilisation of the exchange rate at the end of 2016. Inflation has slowed and will likely stay within...

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Kosovo

The economy will remain one of the fastest growing in Europe during the 2017 2019 forecast period, driven by remittances and investment. Domestic demand-driven ...

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Latvia

Our GDP growth forecast for Latvia for 2017 stands at 2.5%. Private and particularly public investment activity will rally. The inflow of EU funds is expected ...

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Lithuania

Throughout 2017, economic growth in Lithuania will be driven by resurgence in external demand, particularly from the CIS and for oil products. Moreover, an ...

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Macedonia

Economy is expected to return to growth of 3 percent in 2017 and in the medium term. In 2016, growth slowed down temporarily due to underperformance of ...

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Montenegro

Growth slowed down markedly at the turn of 2016. For the most part, because of imports surged. It recovered for the rest of the year and is poised to return to ...

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Poland

Under the impact of policies that seek to imbue the national economic and social life with ‘law and order’, Poland’s economy clearly underperformed in ...

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Romania

Economic growth in Romania is expected to hover around 4% in 2017 and beyond. Household demand will remain the main driver, but investments may also play a ...

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Russia

The Russian economy is slowly emerging from recession. With oil prices more or less flat, financial and trade sanctions expected to remain largely in place, and...

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Serbia

Growth proved better than expected in 2016, at 2.7%. Looking ahead, it should approach 3% in the medium term. This is mainly because consumption – both ...

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Slovakia

In 2016, a strong decline in gross fixed capital formation depressed GDP growth to 3.3%. For 2017, Slovak growth is forecast to be around 3%, while in 2018 and ...

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Slovenia

Annual GDP growth will reach about 3% during the 2017 2019 forecast period. Exports, the gradual recovery of investments supported by EU funding and continued ...

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Turkey

During the 2017 2019 forecast period, the Turkish economy will grow at a much slower rate than in recent years. This partly reflects political risks, both ...

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Ukraine

Economic recovery has progressively gained momentum, but it is entirely driven by domestic demand and is accompanied by widening external imbalances. GDP growth...

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