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Bulletin of Central and Eastern Europe: Analysis of the economic situation of the countries of CEE, Łukasz Białek

After 2012, the weakening of economic growth in the countries of Central and Eastern Europe (CEE) still continues in 2013, however, the second half of the year gives perspective to reverse the downward trend, i.e. due to the improvement in consumption after the reduction in interest rates. Moreover, the acceleration of the region's economy in the second half of 2013 and in 2014 forecasts is associated with the improvement of the situation in the euro area. The main causes of the economic slowdown in the CEE countries was the eurozone crisis deepening in 2012, as well as the ongoing fiscal consolidation and private sector deleveraging process.