A few points...
The Good
- It seems that everyone had been counting out Eastern Europe (including me)
- The European Union "should" allow lower GDP per capita countries (i.e. Eastern Europe) outpace higher GDP per capita countries simply by utilizing new technologies / open trade
The Bad
- The above chart shows the rebound off a large collapse, so it remains to be seen if this is a rebound or the start of a longer trend
- The above was before the Euro spiked up 15-20%, so we'll see if the drag of a stronger currency on exports impacts these countries
Source: Eurostat
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