Credit: ChatGPTCEE Economic Series: Resilience in spite of uncertainty
BNP Paribas’ Group Chief Economist, Isabelle Mateos y Lago, addresses CEE economic scenario and market impacts at GRI Club Meeting
December 10, 2024Real Estate
Written by Helen Richards
GRI Club’s series of economy-focused club meetings began with the ‘CEE Economic Series’ welcoming keynote speaker Isabelle Mateos y Lago, Group Chief Economist at BNP Paribas, to broadly address the CEE economy.
Isabelle highlighted the resilience of the region, however, warned of risks to growth and inflation due to uncertainties surrounding “Trumponomics” and compounded by the ongoing threat of the Ukraine war, raising concerns over the potential for an economic crisis.
Despite a slow disinflation process, inflation is expected to remain above target through 2025. Monetary policy remains well above pre-COVID levels, though monetary easing has provided some relief, particularly in reducing government bond yields.
The CEE region still remains an attractive destination for foreign direct investment (FDI), considering competitive corporate tax rates and wage costs still remaining below those in Western Europe.
Access all insights in the exclusive BNP Paribas presentation here.
The conversation among CEE and DACH’s real estate leaders will continue at the upcoming CEE Forum - London Edition, on 26th February in London.
GRI Club’s series of economy-focused club meetings began with the ‘CEE Economic Series’ welcoming keynote speaker Isabelle Mateos y Lago, Group Chief Economist at BNP Paribas, to broadly address the CEE economy.
Isabelle highlighted the resilience of the region, however, warned of risks to growth and inflation due to uncertainties surrounding “Trumponomics” and compounded by the ongoing threat of the Ukraine war, raising concerns over the potential for an economic crisis.
Central European economies are "losing steam, but resisting”. (Credit: BNP Paribas)
Despite a slow disinflation process, inflation is expected to remain above target through 2025. Monetary policy remains well above pre-COVID levels, though monetary easing has provided some relief, particularly in reducing government bond yields.
The CEE region still remains an attractive destination for foreign direct investment (FDI), considering competitive corporate tax rates and wage costs still remaining below those in Western Europe.
Access all insights in the exclusive BNP Paribas presentation here.
The conversation among CEE and DACH’s real estate leaders will continue at the upcoming CEE Forum - London Edition, on 26th February in London.
