Eastern Europe's automotive industry: an update
The economies of Central and Eastern Europe had a generally good year in 2000. Growth was reported across the board. In Central Europe, average GDP expansion reached 4.5% last year - a net acceleration on 1999. Meanwhile, Russia is enjoying an export-led recovery. This solid result was marred only by the crisis that hit Turkey late in the year. Unfortunately for the car industry, much of the impetus for expansion is coming from the supply side as favourable export conditions drive up industrial output.
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