London analysts: export prospects for Central Europe are good

By: Trademagazin editor Date: 2021. 06. 11. 11:17

According to London financial analysts, the exports of Central European EU economies will continue to grow strongly in the coming months, not least due to the expected strong recovery in the German economy, and this will improve the current account prospects of the region, especially the Hungarian economy.

A new study by Capital Economics, one of London’s largest global macroeconomic and financial analyst workshops, presented on Thursday highlights that the value of exports to the EU’s Central European region – an average of 20 percent in the second quarter last year caused by global shortages to curb the coronavirus pandemic has been rising robustly since mid-2020.

Analysts said their own calculation methodology, which measures the weighted average export volume, shows that Hungarian, Polish and Czech exports of goods and services in the second half of 2020 already exceeded the levels after previous losses. (MTI)