Economic Snapshot for Central & Eastern Europe
October 6, 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: Inflation jumps to nearly 13-year high in September
October 15, 2021
Consumer prices rose 0.17% from the previous month in September, following August’s 0.69% rise.
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Hungary: Inflation comes in at highest level since October 2012 in September
October 9, 2021
Consumer prices increased 0.20% over the previous month in September, stable from August's reading.
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Estonia: Inflation comes in at highest level since December 2008 in September amid higher electricity prices
October 7, 2021
Consumer prices rose 1.22% in September over the previous month, picking up from August's 0.72% rise.
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Hungary: Industrial output records slowest growth since January in August
October 7, 2021
Industrial output expanded 0.6% year-on-year in August (July: +10.2% yoy), according to a first estimate.
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Czech Republic: Industrial output records largest decrease in six months in August
October 7, 2021
Industrial production declined 1.4% year-on-year in working-day adjusted terms in August (July: +6.8% yoy).
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