EBRD: emerging European economies will recover faster than expected

By: Trademagazin editor Date: 2021. 06. 29. 11:03

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Europe’s emerging economies, including Hungary, are likely to recover from the coronavirus outbreak at a faster pace than previously expected, although the region’s public finance risks have also increased due to rising debt, according to a recent forecast by the European Bank for Reconstruction and Development (EBRD). The EBRD expects the Hungarian economy to bring in the growth losses it suffered this year due to the coronavirus pandemic.

In a 35-page study published on the opening day of this year’s Annual General Meeting of the London Financial Institution, which was set up in 1991 to support the transformation of the Central and Eastern European economies and the former Soviet Union, ) the gross domestic product (GDP) of the economies operating in the area of activity decreased by 2.3 percent on average last year. (Kertész Róbert, MTI)