Moody´s: CEE economies will grow by 4.1% in 2021

Published: 21.01.2021 Related countries:  Korea (south) Korea (south)

Strong growth forecast following COVID-stricken 2020

Economies in the region of Central and Eastern Europe (CEE) will grow by 4.1% in 2021 after a drop of 5.1% in 2020. According to information provided by the agency Moody´s Investors Service, the growth in the region will be stronger and the resistance against the pandemic will be higher than in the majority of euro area countries. The outlook is supported by lower dependence on tourism, a greater focus on industry and manufacturing and stronger funding from the EU in the framework of the Recovery Fund.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul