Eastern EU Economic Growth Seen Speeding Up On Consumer Spending

November 13, 2017, Written by

Written By Radoslav Tomek, Andra Timu, Bloomberg





Eastern EU Economic Growth Seen Speeding Up on Consumer Spending

Economic growth in the European Union’s eastern members probably picked up in the third quarter as rising wages propelled consumer spending.

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Four of the region’s six countries releasing third-quarter gross domestic product data on Tuesday will report accelerating annual growth rates, raging from 3.4 percent in Slovakia to 6.2 percent in Romania, according to Bloomberg surveys. Growth in the Czech Republic was unchanged at 4.7 percent and in Hungary it was 3.7 percent, according to estimates…

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