The Middle East And South European Countries Are Limited By The Global Economic Downturn.

2019/11/12 11:19:00 0

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Southeast Europe The Country The World Prosperity

According to the information quoted by the Austrian Salzburg daily (108) in November, 6 of Vienna Economic Research (WIIW), in the face of the slowing down of global economic growth, most of the countries in Southeast Europe (CESEE) have not been hit too much. Although the strong economic growth has already passed, it is estimated that the economy will have a "soft landing" and will not face a collapse.

WIIW points out the economic elasticity of the 23 central and South Eastern European countries surveyed (ECO Nomic resilience, which is derived from its strong domestic demand, and the growth of salary growth and expansionary fiscal policy brought about by the shortage of talents, has contributed to its economy, and the new EU membership has benefited from strong public investment, which comes from the common injection of transfer payment.

WIIW estimated that the average economic growth rates of these countries in 2019, 2020 and 2021 were 3%, 2.9% and 2.9%, lower than 3.8% and 3.7% in 2018 and 2017, and estimated that the average growth rate in the euro area would be only slightly more than 1% in 2019. From the perspective of individual countries, Turkey is facing an economic recession (-0.7%) in 2019, but the economic growth rate will rise to 3.1% in 2020. In 2019, the Russian economy will grow by only 1.1%, and 2020 will rise to 1.7%.

WIIW forecast of economic growth in central and South Eastern Europe (%):

	Two thousand and nineteen	Two thousand and twenty	Two thousand and twenty-one
poland	Four point four	Three point five	Three point three
Hungary	Four point three	Three point one	Two point six
Romania	Four point two	Three point three	Three
Bulgaria	Three point five	Two point seven	Two point four
Ukraine	Three point three	Three point one	Three point three
Croatia	Two point nine	Two point seven	Two point seven
Serbia	Two point nine	Two point seven	Two point six
Slovenian	Two point nine	Two point eight	Two point eight
Czech	Two point five	Two point four	Two point six
Slovakia	Two point three	Two point two	Two point six
Russia	One point one	One point seven	One point nine
Turkey	-0.7	Three point one	Three point three