Dan Bucsa News Today

Economic weakness in Germany hit European Union’s east in the fourth quarter, raising concerns about the pace of recovery expected this year.

The Budapest Business Journal sat down with Dan Bucsa, chief CEE economist of UniCredit Group, the Hungarian bank’s chief economist, Zsolt Becsey, and head of treasury, Attila Csáky, to discuss their views on the economy and its expected direction next year.

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UniCredit economists expect the economies in EU-CEE[1] and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024. Romania is foreseen to outp...

UniCredit economists expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024. GDP growth in Hungary could be 0.2%, while average annual inflation could be 17.4% this year.

Emerging markets have witnessed an investor exodus this year despite having raised interest rates at an unprecedented pace.

While inflation in western Europe is largely expected to be tamed within a year, there is a growing sense that in central Europe runaway prices will be around for much longer.

By Gergely Szakacs and Anna Wlodarczak-Semczuk BUDAPEST/WARSAW (Reuters) - While inflation in western Europe is largely expected to be tamed within a ...

(Bloomberg) -- Romania will probably lift borrowing costs for the fifth time in a row as it races to tame the fastest inflation in 14 years even as risks tied to the war next door in Ukraine continue to pile pressure on the economy.

(Bloomberg) -- European economies are facing a potentially crippling setback to their nascent recoveries if the worsening energy crunch forces many more factories to halt or curb operations.