Central Europe Activ

Michal Lehuta has a very nice chart of a few selected EU member state’s long-term economic performance. Between 1997-2010 the gap between Central European and Western European GDP’s have diminished significantly. It looks that Slovenia will reach the EU average level at first, Slovakia and Estonia are the biggest relative winners. On the other side, Italy is going down and it is a lost decade for Hungary. Further to the East the gap is still huge, but growth is much higher in the East and Southeast than in North-Northwest.

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