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Bank Austria releases new Q2 report for CEE

Regional info/economyPosted by Chambers of Commerce Sweden - Southeast Europe Mon, April 19, 2010 12:39:19

Bank Austria has published the Q2 report for Central and Eastern Europe. The comprehensive 52 page report covers the region in general as well as all countries individually.
In the introduction Bank Austria writes:
The Central Eastern European economies are facing a two speed recovery, with firmer exports and soft domestic demand. 4Q GDP headline data, for instance, improved across the board in the region, but domestic demand remained at depressed levels and actually slowed and surprised on the downside in many countries. And we do not believe that domestic demand (particularly household demand) will rebound quickly in the coming quarters, due to rising unemployment and further downside surprises in recent retail sales data.
Looking at individual countries and various fiscal sustainability measures we find that CEE countries in many cases not only perform better than the Eurozone periphery countries but also better than the EU average.

Download the full report here.

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