Description

Uneven recovery continues in Eastern Europe. Domestic demand is expected to drive growth in major countries in 2015, while weaker Euro area recovery, indecisive policies, and market instability in economies such as Poland, Turkey, and Ukraine remain an area of concern. Improved exports and household consumption are expected to support the economic growth of the Czech Republic, Hungary, and Romania. Labor market reforms remain top priority in 2015, and this will be pivotal in enhancing the business confidence and competitiveness of major emerging economies in Europe.