External weakness dampening robust consumer-driven growth
- Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2024.
- 158 S., 31 Tables, 57 Figures and 3 Boxes, 30cm.
- wiiw Forecast Reports October 2024 .
- wiiw Forecast Reports October 2024 .
Economic growth will strengthen in most countries of CESEE in 2025-2026, as lower inflation and interest rates boost real incomes and consumer spending. Investment should also strengthen as interest rates fall, new foreign investment arrives, and EU funds continue to be drawn down. However, the deepening crisis in German industry will continue to weigh on the export-oriented industry of CESEE. The region faces significant downside risks to growth, including a potential victory for Donald Trump in the next US election, and higher energy prices due to tensions in the Middle East.
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CESEE Central and Eastern Europe economic forecast Western Balkans CIS Ukraine Russia Turkey EU euro area convergence business cycle labour markets unemployment Russia-Ukraine war Russia sanctions commodity prices inflation price controls trade disruptions Ukrainian refugees energy crisis gas electricity monetary policy fiscal policy impact on Austria near-shoring automotive industry droughts
Albania Austria Belarus Bosnia and Herzegovina Bulgaria Central and East Europe CESEE CIS Croatia Czechia Estonia Euro Area European Union Hungary Kazakhstan Kosovo Latvia Lithuania Moldova Montenegro North Macedonia Poland Romania Russia Serbia Slovakia Slovenia Southeast Europe Turkey Ukraine US Western Balkans