China and India get most of the headlines, but post-communist Europe has some tiger economies of its own.
Bloomberg reports that Slovakia’s GDP grew at an annual 9.4% in the second quarter with a projected 8.8% for the year.
Meanwhile Poland’s economy expanded at 6.7% in the second quarter, according to Dow-Jones Newswires.
Russia, of course, has become something of an oil sheikhdom in recent years, and even dowdy Belarus has benefited from imports of Russian oil and gas at below-market prices.
Hungary was the laggard with only 1.2% annualized growth in the second quarter, according to the Hungarian Central Statistical Office.
| Country | Period | GDP growth | Source |
|---|---|---|---|
| Albania | 2006 | 5% | Bank of Albania |
| Belarus | H1/2007 | 8.8% (disputed) | Belarusian Telegraph Agency |
| Bosnia-Hercegovina | 2006 | 6% (est.) | International Monetary Fund |
| Bulgaria | Q1/2007 | 6.2% | Eurostat |
| Croatia | Q1/2007 | 7.0% | European Commission |
| Czech Republic | Q1/2007 | 6.2% | Eurostat |
| Estonia | Q1/2007 | 9.8% | Eurostat |
| Hungary | Q2/2007 | 1.2% | Hungarian Central Statistical Office |
| Latvia | Q2/2007 | 11.3% | Eurostat |
| Lithuania | Q2/2007 | 7.7% | Eurostat |
| Macedonia | Q1/2007 | 7.0% | European Commission |
| Montenegro | Q1/2007 | 6.6% | European Commission |
| Poland | Q2/2007 | 6.7% | Dow-Jones Newswires |
| Romania | Q2/2007 | 5.6% | Bloomberg |
| Russia | Q1/2007 | 7.9% | U. of Pennsylvania/Prognoz |
| Serbia | Q1/2007 | 8.7% | European Commission |
| Slovakia | Q2/2007 | 9.4% | Bloomberg |
| Slovenia | Q1/2007 | 7.5% | Eurostat |
| Ukraine | H1/2007 | 7.9% | Novosti |