Economic Snapshot for Central & Eastern Europe
September 27, 2022
Russia-Ukraine War Economic Impact - Analysis & Special Reports
See our latest analysis in the Resources section
Economic Growth
The pace of regional GDP growth will slow this year, owing to a fading base effect and the impact of the Russia-Ukraine war on trade and supply chains. Healthy labor markets and supportive fiscal stances will sustain activity, however. Next year, the economy will cool further, as the effect of pent-up spending wanes and inflation continues to eat into real incomes.
Inflation Outlook
Regional inflation jumped to 15.8% in July from 15.4% in June . All regional economies barring Romania recorded higher inflation rates due to the ongoing effects of the Russia-Ukraine war on energy and food prices. Inflation will soar this year due to supply-chain disruptions and higher energy prices, and it will remain elevated into 2023.
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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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Poland: Inflation comes in at highest level since February 1997 in September
September 30, 2022
Inflation came in at 17.2% in September, up from August’s 16.1%.
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Czech Republic: The Czech National Bank stands pat again in September
September 29, 2022
At its 29 September meeting, the Board of the Czech National Bank (CNB) left the two-week repo rate unchanged at 7.00%.
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Hungary: Economic sentiment broadly stable in September
September 28, 2022
The GKI economic sentiment index, a composite indicator, fell to minus 14.5 in September from minus 14.3 in August.
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Czech Republic: Economic sentiment weakens further in September
September 28, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 90.1 in September from 94.1 in August. The business confidence index decreased to 93.6 from August’s 97.6.
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Poland: Business sentiment weakens in September
September 28, 2022
Business confidence fell to minus 18.8 in September from August's minus 15.2, marking the worst reading since November 2020.
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