1. Economies of Central and Eastern Europe: safe bets in the emerging world?
Grzegorz Sielewicz
CEE Chief Economist
Coface Country Risk Conference
Prague, 24th May 2017

2. Coface sector risk assessments

3. CEE GDP growth forecast

4. The labour market on its improvement track
Unemployment rates (%)
Gross wages dynamics (2010=100)
Source: Eurostat
Source: Eurostat

5. Deflation belongs to the past
HICP inflation (%)
Brent oil price (USD per barrel)
Source: Eurostat
Source: Coface

6. Construction has started to recover
Industrial production (%, y/y dynamics)
Construction output (%, y/y dynamics)
Source: Eurostat
Source: Eurostat

7. Labour costs still attractive despite an increase
Labour costs (EUR, hourly)
Labour productivity index (2000=100)
Source: Eurostat
Source: Eurostat

8. Top 5 jobs employers are having difficulty to fill
Labour shortages are a blessing for households but concern for corporates
Job vacancy rates (%)
Top 5 jobs employers are having difficulty to fill
Source: Eurostat
Source: ManpowerGroup

9. Coface country risk assessments

10. Coface country risk assessments: CEE countries