Interwork Consulting
Growth forecasts for Eastern Europe remained stable this month, ending a five-month streak of uninterrupted downward revisions to the 2014 growth forecast. FocusEconomics Consensus Forecast panelists left their projections for regional 2014 GDP growth at the 2.7% expected last month. Forecasts for four countries remained unchanged and the forecasts for three economies improved. In 2013, regional output is estimated to grow 1.8%.
This autumn nearly all countries in Eastern (including Central) Europe have begun an economic recovery after growth bottomed out during the second quarter of 2013, consistent with the pattern in Western Europe. Their recovery over the next two years will be modest. Latvia and Lithuania will continue to grow fastest in the region and in the European Union.