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Central Eastern European (CEE) countries are in a sensibly better situation than a year ago, but also worse than two months ago. The CEE region has weathered the European sovereign debt crisis relatively well to date, as growth indicators continued to improve during the second quarter of this year; however, the difference between confidence indicators and real production data has widened somewhat.
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Romania macroeconomic update: slower growth & higher inflation
Romania’s Constitutional Court ruled on 25 June that some of the austerity measures to be implemented by the government are unconstitutional. To offset the ruling that pensions cannot be cut, the government decided to increase VAT from 19% to 24%. These events have prompted us to re-think some of the trends envisaged for Romania.
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The current folder entitled
"CEE Economic Data — 2008-2011,
Issue 2/2010"
provides an overview of important economic information for seventeen countries of Central and Eastern Europe as well as for Austria, Germany, Italy and Eurozone.
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— CEE Quarterly — 03/2010
