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Central and Eastern Europe

Central and Eastern Europe

Most recent Economic Perspectives for Central and Eastern Europe

Economic forecasts October 2024

Czech Republic
            2023 2024 2025
Real GDP  (average yearly change, in %) 0.0 1.0 2.7
Inflation (average yearly change, harmonised CPI, in %) 12.1 2.5 2.5
Unemployment rate (Eurostat definition, in % of the labour force, end of year) 2.7 2.9 3.2
Government budget balance (in % of GDP) -3.7 -2.7 -1.9
Gross public debt (in % of GDP) 42.4 43.4 44.1
Current account balance (in % of GDP) 0.3 0.7 0.9
House prices (Eurostat definition, average yearly change in %, existing and new dwellings) -1.7 3.9 4.2
            18/10/2024

Slovakia
            2023 2024 2025
Real GDP  (average yearly change, in %) 1.6 2.3 2.0
Inflation (average yearly change, harmonised CPI, in %) 11.0 2.9 5.2
Unemployment rate (Eurostat definition, in % of the labour force, end of year) 5.5 5.5 5.5
Government budget balance (in % of GDP) -4.9 -5.8 -4.9
Gross public debt (in % of GDP) 56.0 58.2 59.2
Current account balance (in % of GDP) -1.7 -2.0 -2.8
House prices (Eurostat definition, average yearly change in %, existing and new dwellings) -0.2 1.5 3.0
            18/10/2024

Hungary
            2023 2024 2025
Real GDP  (average yearly change, in %) -0.8 1.2 3.0
Inflation (average yearly change, harmonised CPI, in %) 17.0 3.7 3.8
Unemployment rate (Eurostat definition, in % of the labour force, end of year) 4.2 4.0 3.6
Government budget balance (in % of GDP) -6.7 -4.8 -4.1
Gross public debt (in % of GDP) 73.5 74.1 73.6
Current account balance (in % of GDP) 1.0 1.5 1.3
House prices (Eurostat definition, average yearly change in %, existing and new dwellings) 7.1 7.0 4.5
            18/10/2024

Bulgaria
            2023 2024 2025
Real GDP  (average yearly change, in %) 2.0 2.2 2.6
Inflation (average yearly change, harmonised CPI, in %) 8.6 3.1 3.0
Unemployment rate (Eurostat definition, in % of the labour force, end of year) 4.4 4.2 4.1
Government budget balance (in % of GDP) -1.9 -2.9 -2.8
Gross public debt (in % of GDP) 23.1 24.3 25.8
Current account balance (in % of GDP) 0.8 -0.7 -0.9
House prices (Eurostat definition, average yearly change in %, existing and new dwellings) 9.9 12.2 5.0
            18/10/2024

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