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 ...
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 ...
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 ...
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 ...
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 ...
Czech Republic
Strong and broad-based growth continues, although signs of weakening foreign trade performance have emerged. Increasing labour shortages (though somewhat eased ...
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 ...
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 ...
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...
Kosovo
Despite the political tensions, in March the parliament ratified a border demarcation agreement with Montenegro – a precondition for granting Kosovans ...
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 ...
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 ...
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 ...
Montenegro
Overall, the economy should expand by 3% in the medium term. Assuming EU recovery is sustained, tourism should continue to support expansion. Infrastructure ...
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 ...
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 ...
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...
Serbia
The economy is recovering, helped by stronger private consumption, investment and exports. Agriculture should pick up after a bad 2017, while sovereign ratings ...
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 ...
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...
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 ...
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 ...