CEE in 2020 – Trends and perspectives for the next ... - Roland Berger
CEE in 2020 – Trends and perspectives for the next ... - Roland Berger
CEE in 2020 – Trends and perspectives for the next ... - Roland Berger
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8 TASKS FOR <strong>2020</strong><br />
<strong>CEE</strong> managers view <strong>the</strong> consolidation of public f<strong>in</strong>ances as<br />
very important <strong>–</strong> Debt rates below WE, but grow<strong>in</strong>g quickly<br />
General government debt 1) , 2009 [% of GDP]<br />
Change<br />
2008-<br />
2009 [%]<br />
Country<br />
rat<strong>in</strong>g<br />
S&P<br />
+5.1 +6.6 +6.0 +2.0 +8.4 +6.8 +9.3 -5.7 +9.9 +3.9 +0.7 +0.1<br />
78.0<br />
69.3<br />
46.8<br />
46.5<br />
37.1<br />
34.1<br />
31.8<br />
31.3<br />
30.0<br />
24.0<br />
14.8<br />
HUN AUT HRV POL SVK CZE SVN SRB UKR ROU BGR RUS<br />
BBB<br />
neg.<br />
AAA<br />
stable<br />
BBB<br />
neg.<br />
Source: Eurostat; CIA World Factbook; Rol<strong>and</strong> <strong>Berger</strong><br />
A<br />
stable<br />
A+<br />
stable<br />
A<br />
pos.<br />
AA<br />
stable<br />
BB<br />
stable<br />
B+<br />
stable<br />
BB+<br />
stable<br />
BBB<br />
stable<br />
1) The general government sector comprises central government, state government, local governments <strong>and</strong> social security funds<br />
6.3<br />
BBB<br />
stable<br />
COMMENTS<br />
> With <strong>the</strong> exception of<br />
Hungary, government<br />
debt rates are much less<br />
than those of <strong>the</strong> EU-15<br />
> Governmental debt saw<br />
relatively moderate<br />
growth of 4.2% <strong>in</strong> 2009 <strong>–</strong><br />
But <strong>in</strong> some countries,<br />
deficits are grow<strong>in</strong>g<br />
much faster<br />
<strong>CEE</strong>_<strong>in</strong>_<strong>2020</strong>_Study.pptx<br />
37
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