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0Top 5 Economies for Growth Performance, CEE
- New Europe Investor
- November 16, 2014
The majority of Western European Union economies (with the exception of a few), are experiencing stagnation or even recession. The situation is causing such alarm in Washington that US Treasury Secretary, Jack Lew recently made calls for Europe to avoid ‘a lost decade of growth’
However, growth figures from Eastern Accession countries of 2004 and 2007 appear very strong. Notable is Romania’s impressive 1.9% Q3 growth figure and Poland’s, which came out at 0.9%. Both countries, at the time of writing are going through presidential and local elections respectively.
Average growth for European Union 28 Members States was 0.3% for Q3 with an annualised rate of 1.3%.
New Europe Investor has compiled the top five economies of the Accession States, based on annualised third quarter 2014 statistics. They were released by Eurostat on 13th November 2014.
1st Poland
Q3 growth – 0.9%
Annualised Growth – 3.4%
2nd Romania
Q3 growth – 1.9%
Annualised growth – 3.3%
3rd Hungary
Q3 growth – 0.5%
Annualised growth – 3.1%
4th Lithuania
Q3 growth – 0.5%
Annualised growth – 2.6%
5th Slovakia
Q3 growth – 0.6%
Annualised growth – 2.5%
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