Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

Posts Tagged ‘deterioration’

Securing EU10 Economic Recovery Amid Headwinds

Posted by fidest press agency su giovedì, 17 novembre 2011

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WARSAW.The economic recovery of the EU10 countries was well on track in the first half of 2011, but has moderated in the second half of 2011 in response to the deterioration of the external environment, according to the World Bank’s latest EU10 Regular Economic Report, launched today in Warsaw. According to the report, progress has been difficult to achieve in some areas, although the EU10 countries have shown remarkable resilience in others. Strong points in 2011 include solid EU10 growth; fast rebounds in Estonia, Lithuania, and Latvia; and significant reductions in fiscal deficits in most EU10 countries. These achievements are impressive, as they have come in spite of the challenging external environment. Growth of the global economy is now losing momentum and the expansion of the EU15[2] is expected to slow down further in 2012. Since the EU10 is closely tied through production, trade, and finance with the EU15, growth in the EU10 is also projected to weaken, but is set to remain higher than in the EU15.

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