The Civic Institute has prepared an analysis entitled: „Impact of the Financial Crisis in Central and Eastern Europe” written by Perceval Pradelle, a French economist and engineer.
A fragment of the analysis:
„In Central and Eastern Europe (CEE), the impact of the global crisis is characterized by a sharp decline of GDP, falling exports, the collapse of industrial production and an outflow of capital invested in the region. Unemployment has risen at the same time, breaking the job creation dynamics that prevailed in the years preceding the crisis”.
„In 2010 and 2011, growth was up again in most of the countries in the region, but on average lower than pre-crisis levels, and overall the region has still been suffering from the scarring effects of the recession”.
Thus the question remains: what is the nearest economic future going to be like in the countries of our region?
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