Countries Overview

Albania

In April 2018 the European Commission recommended the unconditional start of EU membership talks with Albania; the final decision of the European Council is ...

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Belarus

There was a remarkable economic turnaround in Belarus: GDP surged by an unexpectedly high 5.1% in the first quarter. Economic activity picked up across the ...

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Bosnia and Herzegovina

The economy is benefiting from supportive external conditions, which are driving strong growth of remittances and exports. These trends should continue this ...

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Bulgaria

Bulgaria’s GDP grew by 3.5% in the first quarter which was slightly below the 3.6% annual GDP growth in 2017. Similarly to 2017, domestic demand remained the ...

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Croatia

Croatia’s GDP is projected to grow moderately, at below 3% annually, in the period 2018-2020. The main growth driver will be domestic demand, supported by ...

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Czech Republic

Strong and broad-based growth continues, although signs of weakening foreign trade performance have emerged. Increasing labour shortages (though somewhat eased ...

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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 4.9% in 2017. Although it has ...

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Hungary

First-quarter GDP growth (4.4%) indicates a continuation of the economy’s strong expansion in 2018. It is driven by a 5% increase in consumption and a ...

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Kazakhstan

Rising global oil prices are providing an unexpected windfall to the Kazakhstani economy, which has been expanding mainly on the back of the oil sector. The GDP...

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Kosovo

Despite the political tensions, in March the parliament ratified a border demarcation agreement with Montenegro – a precondition for granting Kosovans ...

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Latvia

Following a remarkable 2017, when GDP growth attained 4.5%, Latvia’s economy keeps prospering at its potential in both 2018 and 2019. Public spending is ...

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Lithuania

In 2018, economic growth in Lithuania is driven by ongoing strong public investment, underpinned by fresh funds from the EU. The continued decline in ...

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Macedonia

The Macedonian economy will resume growth after stagnation in 2017. The agreement on the new name – Republic of Northern Macedonia – will help not only to ...

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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

Propelled by a fast rise in wages (and private consumption) and the recovery in investment, strong GDP growth continues. Construction output is set to increase ...

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Romania

The wiiw GDP growth forecast has been revised downwards to 4.2% in 2018 based on the expected slowdown in consumption and, to a lesser extent, investments. The ...

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Russia

President Putin achieved a landslide victory in the March elections. No change in the illiberal tendencies in economic policies is expected. Sanctions are there...

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Serbia

The economy is recovering, helped by stronger private consumption, investment and exports. Agriculture should pick up after a bad 2017, while sovereign ratings ...

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Slovakia

Slovakia is experiencing solid growth, with an extra kick to come from an expansion of the automotive industry in the near future. Backed by growing household ...

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Slovenia

GDP growth is set to remain high, at close to 5% in 2018, but will somewhat moderate in the 2019-2020 period. Domestic demand and exports are expected to be the...

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Turkey

Sharp monetary tightening will contribute to a slowdown in growth, but the economy will still expand at a healthy rate during the forecast period, driven by ...

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Ukraine

Barring major shocks, economic growth of around 3% is expected both for this year and the next. Although it is entirely driven by domestic demand (particularly ...

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