CEE outlook: 2025: Entering era of protectionism and isolation
Key changes in CEE outlook
The third quarter was another period labeled as “weaker than expected”. GDP growth surprised to the downside in most of the CEE countries, prompting us to revise the 2024 GDP forecast down as well as 2025 accordingly. Hungary and Romania will grow below 1% in 2024. In 2025, most of the CEE countries will see GDP growth around 2%, below the potential in the case of Hungary, Poland and Romania.
Serbia and Croatia experienced solid growth dynamics in the third quarter, in contrast to the rest of the region. These two countries will outperform not only in 2024, but solid growth dynamics are also expected next year.
The external environment (change in the US political landscape, weakness of German economy) poses considerable downside risks for current 2025 growth forecasts, even though the negative impact of tariffs is already, to some extent, anticipated in our growth projections.
Fiscal consolidation is another growth negative factor impacting the economic prospects of the region. Czechia, Romania and Slovakia are on track to lower the budget deficits in a most considerable manner.
Download The Full CEE Macro Outlook
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.