The World Bank forecasts regional growth of 3.1% in 2025, and finance ministries say cushioning the tariff shock will be essential to meeting that target. However, regional industry groups are warning of mounting pressure on Balkan economies.
Central and Eastern Europe (CEE) is set for stronger economic growth in 2025, with GDP expected to expand by 2.6%, according to a report by Erste Group. The forecast marks an improvement from previous years, driven by higher consumer spending, increased investment, and inflows of EU funds.
Poland boosted
The war in Ukraine is set to inflict twice the amount of economic damage that the COVID-19 pandemic did, the World Bank says in its new report that includes detailed outlook analyses for Poland, Bulgaria, Croatia and Romania.
According to the Washington-based lender’s ECA Economic Update Spring 2022 report,