Economic Snapshot for Central & Eastern Europe
November 9, 2021
GDP forecast to expand robustly in 2021
The regional economy is set to expand solidly this year amid the easing of restrictions, before slowing somewhat in 2022. Although consumer spending in the region is set to accelerate, the normalization of global trade should see export growth slow, while weaker public spending will also contribute to the slowdown. The ongoing pandemic remains a key risk to the outlook.
Inflation to continue its upward trend
Regional inflation rose to 4.8% in August from 4.3% in July, as price pressures intensified in all countries within the region. Recovering activity will sustain inflationary pressures this year, and while easing supply chain disruptions should see inflation ease in 2022, higher consumer spending should see price pressures remain relatively elevated nonetheless.
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5 years of Central & Eastern Europe economic forecasts for more than 30 economic indicators.
Central & Eastern Europe Economic News
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Czech Republic: Economic sentiment virtually unchanged in November
November 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped to 95.2 in November from 95.3 in October, marking the worst print since April. Consumer confidence weakened again in November, with the index plunging to 90.4 from 98.5 in October.
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Poland: Retail sales growth hits five-month high in October
November 23, 2021
Retail sales grew 14.4% in year-on-year terms in October, which was above September's 11.1% increase.
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Poland: Industrial output records lowest growth since February in October
November 22, 2021
Industrial output expanded 7.8% in year-on-year terms in October, which was a deterioration from September's 8.8% increase.
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Hungary: Economic sentiment declines in November amid tumbling consumer sentiment
November 22, 2021
The GKI economic sentiment index, a composite indicator, dropped to plus 0.2 in November from plus 2.5 in October, which had marked the best result since November 2019.
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Romania: Economic growth moderates in the third quarter
November 17, 2021
The economy continued to grow, albeit at a softer pace, in the third quarter.
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