Countries Overview
Albania
GDP growth in 2026 is expected to slow slightly, to 3.6%, reflecting higher import costs and rising uncertainty. Domestic demand will remain the main engine of ...
Belarus
GDP growth slowed markedly in H2 2025 and even turned slightly negative in early 2026. This reflects a turbulent external environment, which has also affected ...
Bosnia and Herzegovina
Following modest growth in 2025, further recovery is expected to be delayed due to the new war in the Middle East. Household consumption is still expected to ...
Bulgaria
Last year, economic growth reached 3.1%, supported by higher disposable income and increased household consumption, although manufacturing and exports posted ...
Croatia
Economic growth is expected to gradually moderate to below 3% over the forecast horizon, as the growth in private consumption weakens somewhat. Despite this, ...
Czechia
The Czech economy grew solidly in 2025, supported by strong household consumption and a recovery in investment, while external demand also contributed ...
Estonia
After three years of recession and near-stagnation, the Estonian economy grew by 0.6% in 2025. Growth is projected to accelerate to 2.3% in 2026, supported by a...
Hungary
Hungary’s economy has remained largely stagnant since mid-2022. Factors such as an economic policy aligned with the election cycles, legal uncertainties, the ...
Kazakhstan
Economic growth peaked in 2025 and is expected to slow in 2026 amidst recent oil production disruptions and weaker growth of investment and private consumption....
Kosovo
Economic growth in Kosovo remained solid in 2025, though structural vulnerabilities persist. The economy continues to be heavily dependent on imports and ...
Latvia
Latvia’s economy is set to grow moderately in the coming years, supported primarily by strong public investment and improving domestic demand, though external...
Lithuania
Lithuania’s economy is continuing to expand at a healthy pace, supported primarily by domestic demand, though growth is becoming increasingly uneven. While ...
Moldova
Growth is expected to remain moderate this year (1.7%), supported by donor-financed investment and EU-oriented reforms, but it is constrained by weak ...
Montenegro
Montenegro entered 2026 with inflation easing and growth set to remain a little above 3% over the medium term, but the overall picture is less reassuring than ...
North Macedonia
Despite ending 2025 on a solid footing, the outlook at the start of 2026 has worsened substantially, with industrial production and exports falling deep into ...
Poland
Poland’s economy continues to grow solidly, supported by resilient domestic demand, lower interest rates and EU-funded investment. However, the latest ...
Romania
Romania’s economy remained weak in 2025, with GDP growth of just 0.7%, as fiscal tightening and high inflation curbed consumption, leaving investment as the ...
Russia
The windfall from high energy prices in the wake of the war in the Middle East has provided timely relief for the ailing government budget. It is also expected ...
Serbia
The positive signals seen at the start of 2026 are likely to be short-lived. The new war in the Middle East is set to have an impact on the economy through ...
Slovakia
After low growth in 2025, Slovak GDP will again increase only modestly this year. The wiiw forecast has been revised slightly downward and GDP is now expected ...
Slovenia
Slovenia’s economic outlook is marked by moderate but resilient growth (2% in 2026), supported primarily by domestic demand; meanwhile external headwinds and ...
Turkey
Turkey’s economy grew by 3.6% in 2025, driven by domestic demand, while net exports weighed on activity. As a net importer of energy, Turkey is highly exposed...
Ukraine
Massive missile attacks by Russia have significantly impacted Ukraine’s economic activity, as the destruction of energy-sector infrastructure has led to ...