Strength of CEE’s local banks to offset GDP slowdown

By Mariam Meskin
09 May 2019

Growth is expected to slow across central and eastern Europe this year, but the region has a trick up its sleeve: a well developed local banking system that in the 30 years since the fall of the Iron Curtain has evolved into a self-sufficient source of financing for the region.

The IMF’s World Economic Outlook, released in April, projects GDP growth across emerging Europe at 0.8%, a stark decline from recent years of prosperity, such as 2018, when GDP grew by 3.6%. The EBRD is set to unveil a similar decline in its growth forecast.

Weakness in the ...

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