Monthly Report No. 7-8/2026
Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Ioannis Gutzianas, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Isilda Mara, Michał Możdżeń, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 7-8, July-August 2026
52 pages including 5 Tables
Current issues accessible exclusively for Members. Free access after an embargo period of three months.
Summer Forecast Update
A hotter summer: inflation complicating the CESEE outlook
Economic Forecasts for Eastern Europe for 2026-28
OVERVIEW 2024-2025 AND OUTLOOK 2026-2028
Premium Members only
Summary of key recent macroeconomic data for CESEE, and overview of new wiiw forecasts for 2026-2028 (Excel file)
Executive summary
by Richard Grieveson
free download
Global assumptions
by Biljana Jovanovikj and Olga Pindyuk
CESEE Overview: A hotter summer: inflation complicating the CESEE outlook
by Richard Grieveson
Albania: EU integration process on track
by Isilda Mara
Belarus: Navigating a low-growth environment
by Dzmitry Kruk
Bosnia and Herzegovina: Delayed recovery and political stagnation
by Selena Duraković
Bulgaria: New government ending years of political deadlock
by Emilia Penkova-Pearson
Croatia: Resilient but slowing economy
by Bernd Christoph Ströhm
Czechia: Resilient growth, increasing risks
by Ioannis Gutzianas
Estonia: Households leading the recovery, energy clouding it
by Marina Tverdostup
Hungary: Growth outlook improved
by Sandor Richter
Kazakhstan: Higher oil prices and stronger investment bolster growth
by Alexandra Bykova
Kosovo: Solid growth amidst political uncertainty
by Isilda Mara
Latvia: Investment sustaining momentum
by Ioannis Gutzianas
Lithuania: Growth facing external headwinds
by Ioannis Gutzianas
Moldova: Growth slower, but steadfast EU orientation
by Gabor Hunya
Montenegro: EU accession momentum amid fiscal strain
by Marko Sošić
North Macedonia: Inflation begins to bite
by Branimir Jovanović
Poland: Stable outlook despite a moderate rise in inflation
by Michał Możdżeń
Romania: Stagflation amid political impasse
by Gabor Hunya
Russia: End of the tunnel not yet in sight
by Vasily Astrov
Serbia: Stalling while waiting for elections
by Branimir Jovanović
Slovakia: Still struggling, but glimmer of hope for 2027
by Richard Grieveson
Slovenia: New government signals sharp shift to the right
by Niko Korpar
Turkey: Higher oil prices weighing on growth
by Meryem Gökten
Ukraine: Grinding through the war
by Olga Pindyuk
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Keywords: CESEE, economic forecast, Central and Eastern Europe, Western Balkans, EU, euro area, CIS, economic growth, inflation, monetary policy, fiscal policy, GDP, wages, fiscal balance, policy rate, political risk
JEL classification: E20, E21, E23, E24, E31, E5, E62, H60, J20, J30, O47, O52, O57, P24, P27, P52
Countries covered: Albania, Belarus, Bosnia and Herzegovina, Bulgaria, CESEE, CIS, Croatia, Czechia, Estonia, EU-CEE, Euro Area, Germany, Hungary, Kazakhstan, Kosovo, Latvia, Lithuania, Moldova, Montenegro, North Macedonia, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine, Western Balkans
Research Areas: Macroeconomic Analysis and Policy