CEE economies could return to fast growth: report

Central and Eastern European countries have the potential to return to their pre-crisis economic growth rates—but they need to update their growth model, according to a report by management consulting firm McKinsey.

CEE economies need to pursue three growth strategies, the report says: expanding and upgrading exports; raising productivity in lagging domestic sectors; and restoring flows of foreign direct investment and increasing domestic saving rates to fund investment.

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(Photo: Marcin Rolicki/sxc.hu)