Description

Emerging Europe is expected to see a subdued growth of about 2% in H1 2015 due to lower investor confidence and uncertainty associated with the Greek and Ukraine crises. European Central Bank’s monetary stimulus from March 2015 is expected to reduce deflation and the proposed European Union investment plan is likely to improve investments in key sectors, such as energy, transport, and infrastructure, between 2015 and 2016. An increase in real wage and expanding private consumption and exports has contributed to a positive growth outlook for both Poland and Turkey in 2015. Economic growth for the Czech Republic and Romania is likely to be driven by domestic demand and private investment in 2015.