The updated economic scenario and forecasts - May 12, 2025
Central European economies have defied pessimist predictions in recent years on their ability to cope with shocks. The region posted a less pronounced GDP contraction in 2020 compared to advanced EU countries. In 2022, at the onset of the Russia-Ukraine war, the region was viewed as the most exposed within Europe due its high energy dependence on Russia. Central European countries are now facing the tariff shock imposed by the US administration. Will this time be different?
