Hungary
Hungary’s high core inflation may delay rate cuts
The central bank may hold onto high interest rates in the belief that it is government policy that is fuelling inflation
HungaryEast European growth in 2023 will be modest at best
The slowdown of activity in the second half of 2022 will shape prospects for 2023
Eastern EuropeUkraine war will erode its Visegrad neighbours’ unity
Central Europe has emerged politically divided but economically resilient, one year into Russia’s invasion of Ukraine
Eastern EuropeHungary will probably ratify NATO members by end-March
Hungary is equivocating to the end on whether it will accept Sweden and Finland as new members of NATO
HungaryUnited States will back NATO’s Eastern Europe members
President Biden has held a summit in Warsaw with leaders of the nine frontline NATO members in Eastern Europe
United StatesEastern EU will develop nuclear energy without Russia
Eastern EU member-states are diversifying nuclear supplies away from Russia and pursuing partnership with Western firms
EUCentral Europe may cut rates despite high inflation
Expectations of rate cuts in Central Europe, almost entirely due to the fall in gas prices, ignore persistent inflation
Eastern EuropeSpending more on East European defence will be tough
Some of the Visegrad Four states may not be able to meet their stepped-up NATO defence spending pledges
Eastern Europe
