Moody’s: Economic growth in CEE to slow down to 3.3%

Published: 14.01.2020 Related countries:  Japan Japan

The Central and Eastern Europe (CEE) region will see a slowdown in economic growth to 3.3% from 3.8% in 2020, rating agency Moody's Investors Service predicts.

External effects and a lack of structural reforms and a positive robust domestic demand will have a negative effect. Despite the weakening economic environment, the minimum wage should continue to increase in the CEE countries, which, while helping GDP dynamics in the short term, may jeopardize the region’s cost competitiveness and increase unemployment.