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Poland and Hungary’s economic growth highest in the EU

Warsaw, Poland – Poland and Hungary remain the EU’s two fastest-growing economies in the third quarter 2019, according to Eurostat data.

Compared to the previous quarter, Poland and Hungary’s GDP grew by 1.3% and 1.1% respectively, the two highest rates in the bloc – well above the Eurozone (+0.2%) and EU average (+0.3%) – cementing their place as the most attractive and dynamic markets in Europe today.

Slovakia (+0.4%) and the Czech Republic (+0.3%) lag behind their two Visegrad partners, while Bulgaria (+0.7%) and Romania (+0.6%) also count among the EU’s booming economies.

Warsaw
Poland has been ranked as one of the best countries in the world to invest in and start a career, according to a U.S. News ranking.

Compared to the same quarter last year, Hungary takes the top spot as the fastest-growing economy in the bloc (+4.8%), followed by Poland (+4%), Bulgaria (+3.7%), Lithuania (+3.6%) and Romania (+3.2%).

The Czech Republic grew by 2.5% year-on-year, slightly ahead of Slovakia (+1.8%), where authorities have warned of an imminent economic slowdown.

Despite their commendable performances, Central European economies remain extremely vulnerable to external chocs, according to analysts, and may struggle to cope with the slowdown of the Eurozone, particularly of Germany, whose economy only grew by 0.5% year-on-year.

3 comments on “Poland and Hungary’s economic growth highest in the EU

  1. Pingback: Czech Republic fails to agree on 2020 minimum wage increase – Kafkadesk

  2. Pingback: Central Europe’s economic growth on a slippery slope, warns OECD – Kafkadesk

  3. Pingback: Central European countries among most industrialized economies in the EU – Kafkadesk

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