CEE Growth: It May Be Smaller….

December 2004 | Market Strategy

Q304 real GDP growth in CEE has been generally disappointing. Polish economic expansion slowed to 4.8% y-o-y from 6.1% over the same period, as domestic demand eased to 4.6% from 5.1%. In the Czech Republic, the economy expanded by 3.6% y-o-y, which represents a slowdown from 3.9% in Q204. These numbers were led lower by a 5.5% y-o-y decline in Czech government spending and a decline in private consumption growth to 2.0% y-o-y from 5.5% in the same period last year. Base effects took their toll too, with the Czech Statistical Bureau upwardly revising its 2003 real GDP growth numbers

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