Economic Snapshot for Central & Eastern Europe
June 8, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
GDP to shrink in 2022
The pace of GDP growth will slow this year, restrained by a tougher base of comparison, the negative spillover effects from the war in Ukraine, and protracted global supply disruptions. That said, expansionary fiscal stances, EU fund inflows and tight labor markets should sustain activity. The prolongation of the war and high commodity prices pose downside risks.
Inflation to increase in 2022
Regional inflation rose to 12.7% in April from 10.9% in March. All regional economies experienced higher inflation rates, amid worsening supply bottlenecks and soaring food and energy prices. This year, inflation will remain elevated, stoked by supply constraints, high commodity prices and second-round effects. The potential protraction of the war in Ukraine adds upside risks.
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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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Hungary: MNB hikes rates again in June
June 30, 2022
At its 28 June meeting, the Monetary Council of the Hungarian National Bank (MNB) decided to raise its base rate to 7.75% from 5.90%, marking the 13th consecutive increase.
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Hungary: Economic sentiment falls in June
June 27, 2022
The GKI economic sentiment index, a composite indicator, fell to minus 7.5 in June from minus 2.6 in May.
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Czech Republic: Economic sentiment weakens in June
June 27, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 98.3 in June from 101.8 in May. The business confidence index decreased to 103.1 from May’s 107.0.
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Poland: Business confidence eases in June
June 27, 2022
Business confidence came in at minus 13.0 in June, down from May's minus 9.6.
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Poland: Retail sales growth moderates but remains strong in May
June 23, 2022
Retail sales grew 23.6% compared to the same month a year earlier in May, which was below April's 33.4% surge.
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