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World Bank: Central and Eastern Europe growth expected to slow

Economic growth in Central and Eastern Europe is expected to slow to 3.3 per cent next year from 3.7 per cent in 2019, as growth slows in major trading partners, including the eurozone and Russia, the World Bank says in its June 2019 Global Economic Prospects: Heightened Tensions, Subdued Investment.

At the same time, activity strengthened in the South Caucasus and the Western Balkans. In fact, the South Caucasus is projected to grow to 3.9 per cent in 2020 from 3.7 per cent this year and the Western Balkans is anticipated to hold stable at 3.8 per cent in 2020, as infrastructure investment and private consumption helped deliver growth in economies including Kosovo, North Macedonia and Serbia.

Source: emerging-europe

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