Economic growth in the Central Europe Economies is above the euro-area average growth. This is due to better domestic demand in the region, especially in Poland, Czech Republic and Slovakia, and this trend is likely to continue over the coming period. As a result, positive trends in the labor market will be seen and an increase in nominal wages.
Romania economy is likely to accelerate to 4.1% yoy in 2016 as a result of faster recovery in private consumption and investment, foresees Societe Generale. It added the GDP growth of the CEE would be driven by household consumption which is expected to grow by c.3% next year.
