Monthly Report No. 6/2018

Central, East and Southeast Europe Recent Economic Developments and Forecast Table Overview 2016-2017 and outlook 2018-2020 (p. 1) Figures GDP growth in 2017-2020 and contribution of individual demand components in percentage points (p. 2) Albania Overvalued domestic currency (by Isilda Mara; p. 3) Belarus Unexpected surge in economic activity (by Rumen Dobrinsky; p. 4) Bosnia and Herzegovina Risks high ahead of election (by Richard Grieveson; p. 5) Bulgaria Past the peak of the cycle? (by Rumen Dobrinsky; p. 6) Croatia Investments subdued (by Hermine Vidovic; p. 7) Czech Republic Balanced and moderate growth (by Leon Podkaminer; p. 8) Estonia Growth boosted by internal demand (by Sebastian Leitner; p. 9) Hungary Strong expansion on fragile fundaments (by Sándor Richter; p. 10) Kazakhstan Benefiting from high oil prices (by Olga Pindyuk; p. 11) Kosovo Growth accelerating amid political instability (by Isilda Mara; p. 12) Latvia Still riding high on the election and investment cycle but slowdown ahead (by Sebastian Leitner; p. 13) Lithuania Flourishing economy but lacking welfare state (by Sebastian Leitner; p. 14) Macedonia New name and improved connectivity may boost growth (by Peter Havlik; p. 15) Montenegro Stable outlook (by Olga Pindyuk; p. 16) Poland First clouds on the horizon (by Leon Podkaminer; p. 17) Romania Economic growth falters (by Gábor Hunya; p. 18) Russian Federation More of the same will not be helpful (by Peter Havlik; p. 19) Serbia Cautiously optimistic (by Richard Grieveson; p. 20) Slovakia Solid growth with extra kick from automotive industry (by Doris Hanzl-Weiss; p. 21) Slovenia Broad-based growth continues (by Hermine Vidovic; p. 22) Turkey Sailing close to the wind (by Richard Grieveson; p. 23) Ukraine Remittances offset growing trade deficit (by Vasily Astrov; p. 24)