Skip to main content

Q3 GDP figures, the fall of the wall

The Q3 GDP figures due next week are likely to show that Russia’s economy struggled while Central and Eastern Europe (CEE) held up well. However, weakness in the euro-zone means we doubt that this strength in CEE will last. Meanwhile, 30 years on from the fall of the Berlin Wall, one lesson that emerges from the performance of the Eastern European economies is that those countries which liberalised the most also grew the most. With reform progress now waning, income convergence with advanced economies is likely to be slower, or stall completely in the case of Russia.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access