Eastern Europe’s economies aren’t getting up due to their neighbors that are western quickly as much had hoped. The newest Eurostat figures on financial development in European countries, released earlier in the day this thirty days, show a troubling trend. While development is going back to European countries after a few hard years, Eastern Europe is certainly not converging with “old Europe,” the pre-2004 EU users.

In 2016, just three eastern European economies—Bulgaria, Romania, and Slovakia—are on speed to meet or meet or exceed 3 % yearly GDP development. Estonia, Croatia, Latvia, Lithuania, Hungary, and Slovenia are typical growing more gradually compared to the euro area average. Also Poland, the star that is perennial, is hardly over the EU development average of 1.8 % of GDP in 2016. Read more