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Surging wages, spending kick central Europe's economies into higher gear

Reuters  |  PRAGUE/BUCHAREST 

By Jason Hovet and Radu-Sorin MarinasPRAGUE/BUCHAREST (Reuters) - Central and eastern Europe's economies kicked into higher gear in the third quarter with forecast-beating growth, as manufacturers thrived and tightening labour markets boosted wages and consumer spending.The European Union's eastern half has been outpacing growth in the richer euro zone, moving the region further along a path towards catching up with its western neighbours -- a trend that Tuesday's preliminary estimates suggested would continue.The data may also shift some of emerging Europe's central banks closer to raising ...

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First Published: Tue, November 14 2017. 17:35 IST
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