C&W - CEE Marketbeat Industrial - Q2 202219.09.2022 v 13:16
CEE Marketbeat Industrial - Q2 2022
After the pandemic-induced recession in 2020, GDP rebounded in 2021 across the CEE region, with positive performance continuing during H1 2022. According to Moody’s Analytics, the CEE countries will continue their way to further recovery during 2022 and 2023, albeit slower than expected at the start of the current year.
The economic outlook for all the countries in CEE has weakened substantially during the initial months following Russia’s invasion of Ukraine. In July 2022, Moody’s Analytics slightly improved the projections for real GDP growthin CEE for 2022-2023, while the CPI outlook was significantly worsened, with inflation now expected to exceed 10% in all the CEE countries in 2022.
The soaring energy and other commodity prices with a further increase in already elevated inflation, adversely impacting households’ purchasing power, and renewed supply chain disruptions and shortages of materials crucial for the manufacturing sector remain among the critical short-term risk factors to CEE economies. Reduced foreign demand will also restrict growth in trade-reliant economies, such as Slovakia and the Czech Republic. Full report with detailed information from each CEE country on following link: Odkaz na web