South Eastern Europe Economic Forecast

Economic Snapshot for South-Eastern Europe

September 7, 2022

Economic Growth

Regional economic growth is expected to slow this year as the Ukraine crisis takes its toll. The war is increasing inflation, disrupting supply networks and harming sentiment. Moreover, international sanctions imposed on Russia will have a negative impact on tourism and trade. However, lower unemployment and the relaxation of Covid-19 restrictions should provide some relief.

Inflationary Outlook

Regional inflation rose to a record-high of 45.6% in July, from 45.1% in June. All countries bar Greece experienced greater price pressures in the month, with Turkey the front runner by some distance. Higher prices for food and energy have fueled inflation, which will moderate from current highs by year-end but remain elevated.

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5 years of South-Eastern Europe economic forecasts for more than 30 economic indicators.

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South-Eastern Europe Economic News

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