Eastern European economies to slow down in 2008

A new Erste Bank report presents the economic and capital market evolution as the economic crisis effects will diminish in the second part of 2008. According to quoted sources, the inflation in the euro zone will fall to 2% in the second part of 2008 while the EEC economies will face a slower pace of growth.

The report estimates that inflation in the euro zone will stay at about 3% in the first harf of 2008 and then drop to about 2% in the second part of next year. The Eastern European economies will grow slower while in the United States economists predict that the market tension will diminish in 2008.

In Eastern Europe, Erste Bank experts argue that exchange rates will be stable even though conditions will vary from country to country.