Economy of central Europe shows promise

Central Europe has shown significant economic expansion in the last year or two, and initial results from 2018 indicate a continuation of such patterns, according to Reuters. In some cases growth exceeded economists' expectations, while other nations were in line with established trends.

Poland surged ahead of other countries in this region of the European Union, showing 5.1 per cent gross domestic product growth on a year-over-year basis for the first three months of 2018. This increase went ahead of projections, which had the country experiencing 4.8 per cent expansion during that period. It also beat the previous quarter's year-on-year growth of 4.9 per cent. 

The Czech Republic came in second for the period with 4.5 per cent growth, though this was somewhat behind what economic experts believed they would see before finalization of the data. Hungary was not far behind, seeing 4.4 per cent expansion and exceeding predictions by 0.4 per centage points. Romania, Slovakia and Bulgaria occupied the next three positions, with respective growth of 4.0, 3.6 and 3.5 per cent year on year. 

On a broader scale across the EU, the International Monetary Fund noted that while the group of nations experienced noteworthy growth in its real GDP during 2017 - a 2.8 per cent uptick - the future showed indicators of some potential problems. These issues included rich financial valuations with low-term premiums and sluggish wage growth.

Economy of central Europe shows promise