September 28 (SeeNews) - Hungary’s OTP Bank expects annual economic growth of 4.4% to 7.5% in five countries of southeastern Europe (SEE) in 2007 and 2008, it said in its latest report on the emerging European countries.
The five SEE countries are Bulgaria, Croatia, Montenegro, Romania, and Serbia.
Following are details from OTP Bank's macroeconomic forecasts for 2007 and 2008:
BULGARIA
| (change from the previous year in pct) |
2007 |
2008 |
| Real GDP growth |
6.1 |
6.0 |
| Final household consumption growth |
7.0 |
7.0 |
| Public consumption growth |
3.0 |
3.0 |
| Budget balance (as % of GDP) |
4.0 |
3.0 |
| C/A balance (pct of GDP) |
-19.5 |
-18.0 |
| CPI (avg annual) |
8.4 |
7.2 |
| Net real wages growth |
2.0 |
2.0 |
CROATIA
| (change from the previous year in pct) |
2007 |
2008 |
| Real GDP growth |
5.0 |
4.4 |
| Final household consumption growth |
5.0 |
3.5 |
| Public consumption growth |
2.2 |
0.5 |
| Budget balance (as % of GDP) |
-3.1 |
-3.3 |
| C/A balance (pct of GDP) |
-8.1 |
-7.8 |
| CPI (avg annual) |
2.9 |
3.0 |
| Net real wages growth |
4.7 |
3.5 |
MONTENEGRO
| (change from the previous year in pct) |
2007 |
2008 |
| Real GDP growth |
7.5 |
6.5 |
| Final household consumption growth |
n/a |
n/a |
| Public consumption growth |
n/a |
n/a |
| Budget balance (as % of GDP) |
2.0 |
1.5 |
| C/A balance (pct of GDP) |
-20.0 |
-15.0 |
| CPI (avg annual) |
2.7 |
2.5 |
| Net real wages growth |
9.5 |
7.3 |
ROMANIA
| (change from the previous year in pct) |
2007 |
2008 |
| Real GDP growth |
6.1 |
6.6 |
| Final household consumption growth |
13.0 |
12.0 |
| Public consumption growth |
5.5 |
4.5 |
| Budget balance (as % of GDP) |
-3.0 |
-2.5 |
| C/A balance (pct of GDP) |
-13.0 |
-12.0 |
| CPI (avg annual) |
3.9 |
4.2 |
| Net real wages growth |
11.6 |
9.4 |
SERBIA
| (change from the previous year in pct) |
2007 |
2008 |
| Real GDP growth |
5.0 |
6.0 |
| Final household consumption growth |
n/a |
n/a |
| Public consumption growth |
n/a |
n/a |
| Budget balance (as % of GDP) |
-2.0 |
-1.0 |
| C/A balance (pct of GDP) |
-12.5 |
-10.5 |
| CPI (avg annual) |
6.7 |
5.0 |
| Net real wages growth |
10.8 |
9.7 |