Description

The Czech Republic, Hungary, Poland, Romania, Turkey, and Ukraine have been classified as Emerging European countries in this study. Steady growth is anticipated here in H1 2014, as the sovereign debt crisis is gradually retreating. Economic activities in the Czech Republic, Hungary, and Romania are expected to get a boost due to improved export and domestic demand. Monetary and fiscal policy adjustments are likely to yield favorable results in Poland and Turkey from Q1 2014. As Ukraine’s huge debt burden has pushed the country into recession, business confidence is at an all-time low.