Labour shortages threaten economic growth in Central and Southeast Europe.
The Vienna Institute for International Economic Studies analyzed economic trends in several countries and predicted steady growth from 2008 to 2010. Most new EU member states are expected to maintain strong economic growth, driven by increased consumption and investments. Labor markets have improved, with declining unemployment rates, but there is now a shortage of skilled workers that could hinder further growth. The Southeast European region is projected to experience faster GDP growth in 2009 and 2010, fueled by domestic demand, investment growth, and increased employment.