Social Sciences
4 years ago

Economic Recovery in Central Europe Hindered by Weak Global Demand

Recovery: Limp and Battered
Vasily Astrov, V. V. Gligorov, Doris Hanzl‐Weiß, Peter Havlík, Mario Holzner, Gábor Hunya, Sebastian Leitner, Zdeněk Lukáš, Anton Mihailov, Olga Pindyuk, Leon Podkaminer, Josef Pöschl, Sándor Richter, Hermine Vidovic

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The economic outlook for countries in Central, Eastern, and South-east Europe in 2011 is mixed. Some countries that struggled in 2010 are expected to see improvements, while others may experience slower growth. Overall, GDP growth rates are not expected to return to pre-2007 levels. Factors like net exports and domestic demand will play a crucial role in shaping economic growth. The euro area's performance will have a significant impact on the region, with potential consequences for countries dependent on energy and raw materials. Uncertainties in global markets could lead to slowdowns in growth for certain countries.