The recovery in GDP growth in Emerging Europe is close to peaking and, while we expect the region’s largest economy, Russia, to strengthen over the next 12 months or so, that will be more than offset by weakness elsewhere. The cycle in Central and Eastern Europe is now looking mature and growth will soften by 2018, while we expect a sharper slowdown in Turkey. In aggregate, GDP growth in Emerging Europe is set to slow from 3.0% this year to 2.5% in 2018 and 2.3% in 2019. Our growth forecasts for 2018-19 are – with the important exception of Russia – below consensus.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services