The 2019 Economy in Review We started 2019 with some uncertainty, reflecting the weaker growth performance in major economies. Further, the escalating trade tensions between major economies and geopolitical factors had beset business sentiment and global demand. On the domestic front, the delay in the passage of the 2019 budget and the election ban weakened government spending and public construction.
Little more than ten years after the beginning of the transition to market economies in Central and Eastern European countries, the successful model of European integration is in the process of being extended. This testifies to the attractiveness of the European Union as a sound framework providing both political stability and economic progress.