In the world economy, we report that the global growth rate reached 3.1% in 2023 and might be slightly lower in the coming two years. Global growth will be hampered mainly by a slowdown in China but some
deceleration will occur in the US as well, although the American economy proved to be more resilient than expected. The economic performance in the euro area will remain sluggish in 2023, following last year’s decline, mainly due to the weakness of the German economy, the report says.
Growth in the CEE region continued to be led by Poland (1.7%) and Romania (1.1%); Croatia achieved the fastest growth last year, while Hungary was in recession, and record-level inflation dampened the domestic purchasing power. Please read the full report here.