Sweden - Southeast Europe News Site

Sweden - Southeast Europe News Site


to the news site of the Chamber of Commerce for Sweden - Southeast Europe in cooperation with Business Sweden and Governments and Organisations in SEE.

UniCredit´s Q4 Forecast: Continued but bumpy Recovery ahead

Regional info/economyPosted by Chambers of Commerce Sweden - Southeast Europe Sun, October 24, 2010 19:36:18

Since the bank´s previous quarterly publication, the region has continued to show recovery, supported by strong external demand and an improving domestic demand environment. In the 11 countries where UniCredit has access to seasonally adjusted GDP data, 10 showed qoq gains in 2Q10. Poland and Turkey are the only two countries in the region where GDP has recovered to in excess of its pre-crisis levels. In contrast, in Hungary and Romania, GDP remains 7-10pp below its pre-crisis levels.
The forecast covers 17 CEE countries in detail on 60 pages and can be downloaded by our members by clicking in the report below.

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