Economic Expectations For Central And Eastern Europe Decline

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The economic expectations for Central and Eastern Europe declined in February, a survey by the Centre for European Economic Research, or ZEW, with support from the Erste Group Bank revealed Friday.

The expectations index shed 38.6 points to 20.5 points in February. The assessment of the current economic situation in the CEE region decreased 6 points to minus 40 points.

The economic expectations for the Eurozone drop even stronger than those for the CEE region. The respective indicator declined 41.9 points to 20.8 points in February. The current economic situation index for the region fell 9.2 points to minus 38.5 points.

One of the reasons for the decline in the economic expectations for the CEE region and the Eurozone might be the current discussions about Greece financial debt situation and the concerns about other EU-countries also facing budgetary difficulties, ZEW said.

With regard to the inflation expectations, survey respondents that predict constant inflation rates for the CEE region prevail with 53.1%. On the contrary, the majority of the analysts expect further increasing inflation rates in Austria and the Eurozone.

(Market News Provided by RTTNews)