Eastern Europe’s economies aren’t getting up making use of their Western neighbors because quickly as much had hoped. The newest Eurostat figures on financial development in Europe, released previously this thirty days, show a trend that is troubling. While development is going back to European countries after a few years that are difficult Eastern Europe just isn’t converging with “old Europe,” the pre-2004 EU users.
In 2016, only three East European economies—Bulgaria, Romania, and Slovakia—are on rate to meet or meet or meet or exceed 3 % yearly GDP development. Estonia, Croatia, Latvia, Lithuania, Hungary, and Slovenia are growing more gradually compared to the euro area average. Also Poland, the perennial celebrity performer, is scarcely over the EU development average of 1.8 percent of GDP in 2016. Continue reading “Eastern Europe’s Lethargic Economies”