Moody’s predicts stable growth for Central European region

Published: 02.02.2021 Related countries:  U.S.A. U.S.A.

Moody’s predicts stable growth for Central European region

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. Moody’s Investors Services projects a robust medium-term growth, however, many challenges still lie ahead in the long term. This prediction „reflects [the countries’] robust economic growth prospects and strengthened ability to carry and reduce debt, which make their credit profiles resilient to the sharp deterioration of their public finances in 2020“. Greater reliance on manufacturing and industry as well as new funding coming from the EU through its recovery fund should help the region recover from the current crisis.

Source: https://www.moodys.com/research/Moodys-Outlook-for-Central-and-Eastern-European-sovereigns-stable-given--PBC_1260362

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