Before the publication of the 2018 Summer EECFA Forecast Report, the European Commission released its spring forecast, revealing the prospects for almost all EECFA member countries. Let us highlight the main changes in the prospects over the past half year.
Written by Aron Horvath, PhD, EECFA Research, ELTINGA
Chart 1 shows that GDP growth is higher in the region than in the EU, so the economic outlook is still better in the Eastern region. Looking at the individual level, the only exception is Russia, where economic growth is set to remain under 2 percent according to the Commission. As for the rest of the countries in the region, the expected growth is between 2.75 and 5.5 percent. Turkey and Romania lead the group with an over 5 percent forecasted economic growth.
Among EECFA countries, Slovenia, Turkey and Romania have witnessed their economic outlook having improved since the latest forecast in Autumn 2017. On the other hand, the forecasted GDP growth Continue reading EECFA countries in the European Commission’s 2018 Spring Macro Forecast