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The economy is currently forecast to expand by about 3.5% in 2020, however, this depends on decent performance in agriculture, tourism, and exports.

Slow reform progress and social tensions weigh on the medium-term outlook, while economic expansion remains heavily dependent on the security situation.

GDP growth is expected to recover only modestly as the oil fund is nearly depleted, and ongoing political uncertainty weighs on the economic performance.

Economic growth in Eastern Europe is projected to remain solid this year, despite losing steam mainly because of poor growth prospects for Turkey.

Economic growth in Romania is expected to slow down to around 3-3.1% this year, and to sink below 3% in 2020

Real GDP growth in Slovakia is forecast to remain strong – 3.3% – this year and to slow slightly down to 3.2% in 2020

Economic expansion in the Czech Republic is forecast to remain positive over the coming months, with an average growth rate of about 3% this year.

Real GDP growth in Poland is forecast to reach 4.4% this year, slowing down to 3.6% in 2020.

Financial conditions in Turkey will be tighter in the coming months.

Economic expansion in Bulgaria is expected to lose some momentum in 2019, but should remain strong at above 3%, spurred by robust household spending, strong wage growth and an improving labour market