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East European growth in 2023 will be modest at best

Tuesday, March 7, 2023


Some countries are dipping into recession, while others are likely to manage modest growth. Their various policy and real-economy responses point to different strengths and weaknesses in their economies as well as different political priorities.


  • Interest rates are likely to remain high during 2023.
  • Public investment backed by EU funding could be a significant driver of growth.
  • Underlying assumptions of global disinflation and an opening up of trade will be tested.
  • A stronger focus on energy transition could strengthen long-term economic prospects.

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