Economic Snapshot for Central & Eastern Europe
December 1, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
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.
Sample Report
5 years of Central & Eastern Europe economic forecasts for more than 30 economic indicators.
Central & Eastern Europe Economic News
-
Hungary: Economic sentiment falls in November
November 30, 2022
The GKI economic sentiment index, a composite indicator, fell to minus 22.5 in November from minus 21.9 in October.
-
Poland: Inflation comes in at highest level since December 1996 in October
November 28, 2022
Inflation came in at 17.9% in October, which was up from September’s 17.2%.
-
Poland: Business sentiment ticks up in November
November 25, 2022
Business confidence rose to minus 20.6 in November from October's minus 21.1, which had marked the worst reading since May 2020.
-
Czech Republic: Economic sentiment ticks up in November
November 25, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 90.1 in November from 89.8 in October. Consumer sentiment increased in November, with the index rising to 76.0 from 71.9 in October, which marked the weakest reading on record.
-
Poland: Retail sales record slowest growth since February in October
November 24, 2022
Retail sales grew 18.3% in year-on-year terms in October, which followed September's 21.9% increase.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
