Sustainable economic development expected for Central and Eastern Europe

Financial market experts compiling the CEE economic indicator (Central and Eastern Europe) do not expect any changes with regard to the economic development in these regions over the next six months. The experts expect the economy to develop positively there. For Austria, however, future prospects are rather negative, even though the current economic situation there is seen in a positive light.

The CEE ecomomic indicator which reflects the sum of both positive and negative assessments of the future economic development over the coming six months continued falling in August and currently stands at zero points. This means that there is an equal number of experts thinking that the economy will develop positively over the six coming months and those holding the opinion that the opposite is true. The indicator fell by 8.8 points in August which is a stronger decline than in July. The majority of experts (70.8%), however, do not expect any major changes.

The CEE financial market survey takes place on a monthly basis among financial market experts and is conducted by the Mannheim-based Centre for European Economic Research in co-operation with the Erste Bank der √∂sterreichischen Sparkassen in Vienna. The CEE area includes Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia and Slovenia. More detailed findings are available in the “Financial Market Report CEE” which can be downloaded free of charge. GERMAN