- 22 Jun 2020 7:28 AM
- Budapest Business Journal
Emerging markets economists at the London analytics division of Morgan Stanley’s global financial services group said in a new forecast unveiled on June 16 that the Czech Republic is expected to experience the deepest recession among Central European EU states this year.
They expect to see a 7.8% decline in the Czech economy in 2020 as a whole. According to the company’s forecast, GDP will fall by 6.7% in Hungary and 5% in Poland this year.
At the same time, Morgan Stanley expects Hungary’s gross domestic product to bounce back and grow by 4.6% next year, vg.hu adds.