La Fin Absolue du Monde
Banned
Even with reforms it would be way, way behind now. You can't just handwave away what would be an additional 20 years or so of recovery at best with its crippling inflation, ruined infrastructure and huge debt. In OTL the first was gotten rid of because the population went back to the US dollar after the war, the second was helped by US funds during reconstruction and the last was reputiated after the war. None of that is going to happen in TTL so doubling the length of recovery is probably optimistic if anything. It might be a First World country if everything goes right but on the order of Poland or Hungry not the US or Japan.
I come from Central Europe, and I think that people in the West do not realize how much this region of the world was destroyed in the twentieth century. They do not know how it is when every few years burning of the city, and tens of millions of people are killed or die of hunger. They do not really know what was the "real socialism" and as deep imprint imprinted on Russia, Ukraine or Poland. Before WWI this part of Europe, so far relying on agriculture has entered a phase of rapid industrialization. But then came the war and communism and everything is gone. Thus was born the so-called "Second World". If this did not happen, I am convinced that the eastern and central Europe today would be as wealthy as Spain or Italy.