SE Europe forecast revised down on weaker dynamics in Romania, Turkey
June 6, 2018

The south-eastern Europe regional economy is seen expanding a still robust 3.8 percent this year, down slightly from last month's 3.9 percent growth projection and well below the 5.8 percent expansion recorded in 2017, according to FocusEconomics.

This is largely because growth in Turkey and Romania is set to slow from unsustainably high levels as the impact of expansionary fiscal policy gradually fades and tighter credit conditions hit private consumption and investment.

On the other hand, says FocusEconomics, the Greek economy should continue to gain momentum this year on a solid external sector, although nominal gross domestic product (GDP) will still be significantly below its pre-crisis level.

Elsewhere in the region, stronger absorption of European Union funds across the Balkans, resilient external demand and improving tourist arrival numbers should support economic activity. The regional economy is expected to expand 3.4 percent in 2019, says FocusEconomics.





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The south-eastern Europe regional economy is seen expanding a still robust 3.8 percent this year, down slightly from last month's 3.9 percent growth projection and well below the 5.8 percent expansion recorded in 2017, according to FocusEconomics.

This is largely because growth in Turkey and Romania is set to slow from unsustainably high levels as the impact of expansionary fiscal policy gradually fades and tighter credit conditions hit private consumption and investment.

On the other hand, says FocusEconomics, the Greek economy should continue to gain momentum this year on a solid external sector, although nominal gross domestic product (GDP) will still be significantly below its pre-crisis level.

Elsewhere in the region, stronger absorption of European Union funds across the Balkans, resilient external demand and improving tourist arrival numbers should support economic activity. The regional economy is expected to expand 3.4 percent in 2019, says FocusEconomics.



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