In the countries of Central, East and South Europe, the economy will probably grow than expected this year. The Vienna Institute for International Economic comparisons expects an average plus of 2.7 percent.
An increase of 2.8 percent is expected for EU members in the region. Poland is the leader in growth among the eastern EU members, closely followed by Croatia. The six states on the Western Balkans will expand relatively powerfully in 2025 and 2026, also Turkey.
The Austrian economy probably receives in the tail wind of growth in Poland, the Czech Republic, Hungary and Slovenia. The Austrian economy stagnates “this year,” says it.
This is what the business prediction for Eastern Europe looks like.
Dull view of Ukraine and Russia
In Russia, strong growth should inhibit this year to 1.8 percent. In Wit -Russia, which is closely intertwined with the Kremlin, an increase of two percent is expected. Inflation rose sharply in Russia, high interest rates make loans for most companies and consumers unaffordable. “Moreover, the Russian economy is threatened with a wave of bankruptcy for companies that can no longer provide their loans,” said Vasily Astrov of the Vienna Institute for International Economic Comparative.
The prospects are also clouded for the Ukraine Warland. Economic growth of three percent is expected for 2025. The shortage of labor is great that the drought had increased food prices.
Uncertainties currently consist of the economic policy of US President Donald Trump because he could impose rates against the EU and “makes Putin no slight victory possible by dropping the country”.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
