Growth remains strong in Europe despite inflation concerns and global slowdown.
The article discusses the recent economic growth in Central, East, and Southeast Europe. Despite a slight slowdown in GDP growth, the new EU member states are still doing well. The countries are handling external price shocks and rising wage costs, with some exceptions like the Baltic countries. The economies in Southeast Europe are also catching up with the EU, although there has been a slowdown in growth. Inflation has calmed down in the region, but remains a concern in Serbia and Turkey. Unemployment is high and is not expected to change significantly in the near future.
