Central & Eastern Europe Economic Forecast

Economic Snapshot for Central & Eastern Europe

December 1, 2022

Russia-Ukraine War Economic Impact - Analysis & Special Reports

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Economic Growth

GDP growth should soften notably in 2023. Domestic demand will lose steam, weighed down by sustained inflation, tighter financing conditions and depleted savings. Additionally, global economic headwinds and elevated costs will restrain industrial activity and external demand. Additional spillover from the war in Ukraine poses a downside risk.

Inflation Outlook

Regional inflation eased to 17.3% in October from 17.6% in September . Bulgaria, the Czech Republic, Romania and the Baltic countries all recorded lower inflation rates, which more than offset stronger price pressures in Croatia, Hungary and Poland. Next year, inflation should slow, although it will remain high due to pass-through effects and sustained wage growth.

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5 years of Central & Eastern Europe economic forecasts for more than 30 economic indicators.

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Central & Eastern Europe Economic News

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