You are here: Home > Newsroom > Detail2006 > Scenario 2020

Content

Where will Central and South East Europe stand in 2020?

30 Nov 2006

Raiffeisen Investment and Raiffeisen Research have finalised a ground breaking and unique macro-economic study on the development of the region up to 2020. This study is intended to qualify and quantify the growth potential in CE and SE in order to provide potential investors in the region with an insight into the region with an insight into the macro economic trends in the region.

We believe that this is the first macro economic study on the longer-term growth potential of the Central and South Eastern European Region.

Some of the main findings are as follows:

  • The countries in CE and SE will remain the world’s second fastest growing region with growth forecasts of 4.5% - 5.5% (CEE) and 4.8% – 6.0% (SEE) – after China and India
  • This growth will be fuelled by investment in infrastructure, the construction sector and industrial equipment up to 2012 – thereafter by high growth in the services sectors
  • By 2020 Slovenia and Czech Republic will reach EU average GDP per capita. Hungary and Slovakia in 2020 will reach today’s EU average GDP per capita
  • Romania and Bulgaria will reach 50% of the EU average in 2020
  • Average salaries (in Euros) will increase by 2.5 and 4 times by 2020 but will still remain below the average levels of EU
  • The South East Europe region will exhibit 0.5 to 1.0 percent higher GDP growth than the Central European Region
  • The ratio of FDI in South East European countries is increasing compared to the Central European countries

Click here to download the short version of the scenario 2020


Servicebox