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Inflation and deficits may upset Hungary’s economy

Location:

HUNGARY

Hungary’s inflation rate was the EU’s highest in spring 2021. Spending promises and tax cuts ahead of elections due by spring 2022 are widening the budget deficit. Prime…

Romania aims to contain pandemic for December election

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ROMANIA

During January-September, amid restrictions and social distancing, the economy contracted by just 4.6% year-on-year, helped by the resilience of certain sectors and supportive…

Spain’s economy is set for modest growth in 2023

Location:

SPAIN

The economy’s performance has been aided by strong fiscal support, less exposure to high international energy prices and a resilient services sector. Headline inflation fell…

Greek banks have shed bad debt but remain vulnerable

Location:

GREECE

Stronger balance sheets will reduce systemic risk in the sector. Efficient financial intermediation by Greek banks is a vital requirement for achieving economic growth targets in…

Italy’s Conte will not fully implement fiscal plan

Location:

ITALY

The new government’s investiture vote in parliament on June 5-6 was preceded by massive volatility in financial markets. Its fiscal plan appears unsustainable and its views on EU…

Structural problems threaten fast Hungarian growth

Location:

HUNGARY

After decades of delayed structural transition, Prime Minister Viktor Orban's government is presenting recent rapid growth as evidence of its successful management of the economy…

2023 will test East European V4 economies’ resilience

Location:

EASTERN EUROPE

Economic hardship may be increasing support for populism and far-right politics, especially in the more vulnerable Slovakia and Hungary. Proximity to the war, including spending…

Generous EU funds will help Greece through 2021-22

Location:

GREECE/EU

Greek Prime Minister Kyriakos Mitsotakis hailed the agreement as a national success. It enables the New Democracy government to maintain fiscal stimulus over the next two years…

Romania faces uphill battle to lower fiscal deficit

Location:

ROMANIA

ROMANIA: Fiscal consolidation will be tough

Greek GDP growth in 2022 will rely on EU recovery aid

Location:

GREECE

The economic rebound from a 9% contraction in 2020 is mainly being driven by strong domestic demand supported by accommodative fiscal policies and higher-than-expected tourism…