Learn more

By Clare Nuttall in Glasgow Growth is gaining momentum across most of Central, Eastern and Southeast European, despite a challenging international environment, according to the latest Summer Forecast from the Vienna Institute for International Economic Studies (wiiw). This growth is mainly driven by a strong rise in real wages, leading to higher private consumption, while EU members are showing resilience in the face of Germany’s economic downturn. ‘The main driver of growth is the sharp rise in real wages, which is stimulating private consumption, even if a not inconsiderable proportion of th…

cuu