Economic Snapshot for Central & Eastern Europe
January 11, 2022
GDP forecast to expand at softer rate than 2021
This year, the regional economy is poised to grow at a solid rate, albeit softer than in 2021, as the gradual easing of restrictions, coupled with tighter labor markets, bolsters household spending. Moreover, the inflow of EU funds is expected to spur investment growth. However, elevated daily Covid-19 cases continue to cloud the outlook.
Inflation to continue its upward trend
Regional inflation rose to 7.1% in November from 6.4% in October. All regional economies except for Romania recorded higher inflation, largely amid ongoing supply chain disruptions and rising energy costs. Second-round effects of the supply-side shocks, coupled with rising labor costs, will see inflation averaging higher in 2022.
Sample Report
5 years of Central & Eastern Europe economic forecasts for more than 30 economic indicators.
Central & Eastern Europe Economic News
-
Czech Republic: Economic sentiment improves in January
January 26, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 97.6 in January from 95.6 in December. Consumer confidence strengthened in January, with the index increasing to 91.4 from 91.2 in December.
-
Hungary: MNB delivers eighth consecutive rate hike in January; announces further hikes ahead
January 25, 2022
At its 25 January meeting, the Monetary Council of the Hungarian National Bank decided to raise its base rate to 2.90% from 2.40%, marking the eighth consecutive increase.
-
Hungary: Economic sentiment rises in January
January 24, 2022
The GKI economic sentiment index, a composite indicator, rose to plus 0.1 in January from minus 1.8 in December.
-
Lithuania: Industrial output expands at quickest pace since April in December
January 23, 2022
Industrial output increased 26.5% compared to the same month a year earlier in December, which followed November's 23.7% increase.
-
Croatia: Inflation comes in at highest level since October 2008 in December
January 17, 2022
Consumer prices were flat from the previous month in December, after the 0.75% increase recorded in November.
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.
