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Directional Economics EMEA Core problems

Directional Economics EMEA December 2021. Economic & Financial Analysis EM Economics & Strategy 13 December 2021. Directional Economics EMEA. Core problems Azerbaijan Hungary Romania Turkey Bulgaria Kazakhstan Russia Ukraine Croatia Poland Serbia EMEA Economics and Strategy Team See details at end of report 1. Directional Economics EMEA December 2021. Contents Summary 3. Country summaries: CE3 .. 4. Country summaries: Other Central & Eastern Europe .. 4. Country summaries: CIS .. 5. ING main macroeconomic and financial 6. Core problems 7. The impact of energy prices in CEE inflation .. 7. Outlook for 2022 ..11. The outlook for terminal policy rates ..13. Countries 15. Bulgaria ..18. Croatia ..20. Hungary ..22. Kazakhstan ..26. Russia.

recession behind in 2020. Economic policies went all in, spurring a quicker-than-expected rebound in 2021. Real GDP reached its pre-crisis level by 3Q21 and we see a 7% YoY GDP growth this year. With the labour market at the fore of fiscal measures, its strength is now close to the pre-Covid situation. The key challenge ahead remains

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  Market, Labour, Recessions, The labour market

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