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Bulgaria: Weak domestic demand performance in Q4-2012

Poland: Remains the star performer in Central Europe

Romania: A challenging year lies ahead following visible progress in macroeconomic stabilization and structural reforms in recent months

Serbia: Mounting fiscal risks ahead of parliamentary elections

Turkey: Economic slowdown already evident; modest rebound likely in H2

Ukraine: Uncertain outlook ahead of election period

Albania: Growth to decelerate in 2012 despite the monetary stimulus