Economic_History_anim.gif (3797 bytes)    

At the end of 1980's East European economies - with the sole exception of Albamia  - were estimated (by the Western observers) to be just a little behind the mean of Western Europe and far ahead of less developped parts of the world.

In the next graph notice that  East Germany and Czechoslovakia were estimated to be between Spain and France or Italy and well above Portugal; West - East Germany gap was estimated just slightly over 20%; Except for Albania the rest of Eastern Europe was around the level of Spain">

 

DOWNSIZING OF EASTERN EUROPE

Between 1986 and 1989 CIA revised its estimates of the economic size of Eastern Europe downwards. This was not yet the transition recession only the correction of previously overestimated figures.

Now East Germany and Czechoslovakia are between Portugal and Spain and all the other Easte European countries are bellow Portugal. The gap between West and East Germany grew to almost 40 per cent.

 

 

 

 

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