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The CEED Institute Bulletin 15: The CEE region: macroeconomic analysis and 2016 forecast, Łukasz Białek

In the Central and Eastern European countries (CEE), the economic recovery, which started in the second half of 2013, still goes on. In the 1st quarter of 2015, the GDP growth reached the level of 3.3% (yoy) and has been the fastest since 2008. An important factor determining the better situation in the CEE countries in 2015 was retail sale. A decline in the oil prices could have been a reason for which the greater portion of household budgets could be allocated for increasing expenses for other purposes.