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Uni Credit sees positive macro outlook for CEE 2011

Regional info/economyPosted by Chambers of Commerce Sweden - Southeast Europe Sun, February 06, 2011 22:54:49

The Austrian bankĀ“s baseline macro outlook for this year is positive, characterized by a continued recovery in economic activity, a moderate increase in inflation pressures, narrowing budget deficits and manageable external financing requirements. From 3.6% 2010, we should see growth of 3.8% in 2011 and for the first time in 4 years, all countries in their sample should enjoy gains in economic activity. While EMU peripheral woes rumble on, only in the case of a very severe deterioration from here would we turn concerned about their impact on CEE economic activity. In some of the stronger economies output gaps will close over the course of 2011. CEE economies continue to consolidate fiscal policy. From a regional average of 5.3% of GDP 2010, the bank expects an average budget deficit of 4.7% of GDP 2011.
Members can download the full report covering all CEE countries here.

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