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The CE Market Overview
When a gross domestic product in western Europe slows, average growth in Central Europe blossoms. It it continues the real GDP of the region will double in two decades
Central Europe is a land of contrasts. It is historically and culturally diverse, but it has emerged from a centralised economic system, which gave all its countries similar experiences in post war years. It is a region where a new generation, born in the 1980s, has come of age in a market oriented system. All the countries in the region are on the same reform path mapped out by the European Union, but they are at different stages. Some are already in the EU, others are still waiting to start EU accession talks. Some have yet to take decisions on when to join the euro zone, others like Slovenia has joined or, like, Slovakia, are about to join. What is clear, though, is that Central Europe, as a whole, is one of the world’s fastest growing regions.
High growth countries
Indeed, as gross domestic product (GDP) growth in western Europe slows, average growth in Central Europe is expected to reach 5 per cent this year compared to 6 per cent in 2007. GDP in the Central European region is already over 50 per cent higher then it was in 1989, even taking into...
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