Fitch: the EU recovery fund will significantly accelerate the recovery of the Central European EU economies

By: Trademagazin editor Date: 2021. 01. 14. 11:10

The European Union’s recovery fund, especially next year, is expected to significantly accelerate the recovery of EU economies in Central and Eastern Europe from the shock of the coronavirus pandemic, according to a study by Fitch Ratings in London. According to the forecast of the international credit rating agency, in 2022 Hungary’s gross domestic product (GDP) will grow by almost 7 percent – at the fastest rate within the group of countries.

Fitch analysts point out that each of the eleven EU member states in Central and Eastern Europe will be a net recipient of free benefits from the 750 billion euros recovery fund announced as Next Generation EU, and that these economies will also receive new low-cost loans under the program. (MTI, Kertész Róbert)