Exports Drive Economic Rebound in Central and Southeast Europe, Austerity Overcome.
The economies of Central, East, and Southeast Europe are expected to see a slight increase in economic growth in the coming years, driven mainly by exports. Despite austerity measures, GDP growth is predicted to rise to 2.5% in 2011 and 3.5% in 2012. Countries with flexible exchange rates and strong industrial sectors are likely to benefit the most from the global trade rebound. The region's export levels are returning to pre-crisis levels, with transport equipment, metals, and machinery being successful export goods. Overall, the forecast suggests that investment and household consumption will gradually improve in the following years.