The widening of budget deficits in Hungary and Romania means that the loose fiscal policy pursued in recent years is set to come to an end in 2018. Growth is likely to slow (sharply in the case of Romania) as this support is removed. In contrast, budget positions are stronger in the Czech Republic and Poland. And it looks like fiscal policy there will be loosened further, which should mean growth holds up better.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.