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ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim L 7 68161 Mannheim, Germany http://www.zew.de
Contact Ms Mariela Borell +49 621 1235144
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ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim

Positive economic development in the CEE region expected

ZEW-Erste Group Bank Sentiment Indicator for Central and Eastern Europe (CEE)

(PresseBox) (Mannheim, )
The financial market experts surveyed monthly by the Centre for European Economic Research (ZEW), Mannheim, supported by the Erste Group Bank AG, Vienna, are considerably more optimistic about the economic development in Central and Eastern Europe (CEE) at the beginning of the new year than in December 2008. The CEE indicator reflecting the analysts' economic expectations on a six month time horizon increases significantly by 15.0 to minus 49.1 points in January 2009. Hence, the economic prospects have improved for the first time since the aggravation of the financial crisis in September 2008.

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