Countries Overview
Albania
Economic growth is projected to reach 4% in 2024. Inflation remains low and stable. However, vigilance is required, as credit demand for real estate is growing ...
Belarus
Despite early signs of a slowdown at the beginning of the year, Belarusian GDP growth kept on accelerating in H1 2024. This was made possible by a rapid ...
Bosnia and Herzegovina
The year kicked off with economic growth that was somewhat higher than in 2023 – the result of a rise in household consumption, thanks to lower inflation and ...
Bulgaria
Following failure after failure to form a stable government, Bulgarians are going to the polls in October for the seventh snap election since 2021. Economic ...
Croatia
Croatia’s accession to the EU’s border-free Schengen zone and the euro area continued to boost tourism, while EU funds have supported investment activity in...
Czechia
The Czech economy is slowly entering recovery mode: the second quarter saw a return to growth and tamed inflation. However, any optimism about the economic ...
Estonia
After the recession in 2023 and stagnation this year, Estonia’s economy is projected to rebound gradually in 2025-2026. The revival of export markets, ...
Hungary
In the first half of 2024, the performance of the economy was disappointing. The main driver of growth, household consumption, increased by much less than might...
Kazakhstan
Credit-led private consumption is expected to be the main growth driver in 2024. Impressive investment growth in manufacturing – as well as in the transport ...
Kosovo
Growth is projected to hover at above 4% this year, driven by strong domestic demand. Inflationary pressures have eased significantly and are expected to ...
Latvia
According to a substantial revision of the GDP series by Statistics Latvia (largely of the gross investment data for 2022 and 2023), last year was not, in fact,...
Lithuania
The economy performed better than expected in the first half of 2024, with GDP increasing by 2.4%. Thanks to a substantial fall in inflation, real incomes are ...
Moldova
Moldova has now digested most of the shocks from the war in neighbouring Ukraine through high inflation and trade reorientation, but it remains exposed to ...
Montenegro
Montenegro’s economy grew by 3.4% in the first half of 2024, and we expect a figure of 3.5% for the whole year. While private consumption and public ...
North Macedonia
The economy continues to struggle, weighed down by the recession in Germany. Despite strong real wage growth, robust FDI inflows and slowing inflation, there is...
Poland
A weak recovery in the fourth quarter of 2023 was followed by GDP growth of 2% (year on year) in Q1 2024 and 3.2% in Q2. The continued expansion of consumption,...
Romania
Economic growth will not exceed 2%, despite bullish household demand in 2024. The fiscal and current account deficits will increase from their already high ...
Russia
With high growth, skyrocketing inflation and unemployment plunging to an all-time low, the economy remained overheated in the first half of 2024. However, ...
Serbia
The economy showed solid, broad-based growth in the first half of the year, but much of this is due to the relatively weak first half of 2023. We expect the ...
Slovakia
In 2024, Slovakia’s economic growth is likely to reach 2%, driven mainly by household consumption on the back of rising real wages and a favourable labour ...
Slovenia
In 2024, real GDP will grow by 1.7% – a figure that is lower than expected, on account of sluggish export growth and a wariness on the part of companies to ...
Turkey
Economic activity began losing momentum in Q2 and is likely to deteriorate further throughout the rest of the year, while inflation has been declining since ...
Ukraine
Ukraine’s economic activity has been hampered by Russia’s missile attacks on its energy sector infrastructure and by its tightening labour markets. As a ...