2024/06/25 / Erste Group Research |
High pressure economy: What have we learned? |
High pressure economy: What have we learned? The aim: speed up the convergence The concept of high pressure economy (HPE) has emerged recently, as the economic policy addressed their intention of bringing it back to boost economic growth. HPE was the major doctrine before the pandemic: the monetary policy of the central bank (MNB) and the fiscal policy were both supporting it. Although the general conditions before 2020 had allowed to launch and pursue the HPE, as the negative implications were not too severe, risks of reemergence of economic balance problems are much higher now. In the current changed external and internal environment, it might even cause welfare losses mainly via possibly rising inflation and currency weakening. All in all, Hungary should find a different way to catch up with the top performers of CEE via to a more extent focusing on productivity increase. |
![]() |
Author | Erste Group Research |
Date | 2024/06/25 |
Product type | monthly/ quarterly |
Product name | CEE Economies Special Report |
Topic in focus | FX, Macro/ Fixed income |
Language | ![]() |
Market cap | - |
Availability | All [1] |
Download |
Date | Headline | Download | |
2024/06/28 | ![]() | Week Ahead | ![]() |
2024/06/28 | ![]() | May industrial production declined 3.3% y/y | ![]() |
2024/06/28 | ![]() | Retail trade up 8.4% y/y in May | ![]() |
2024/06/28 | ![]() | Trendovník: Pražský realitní trh znovu ožívá | ![]() |
2024/06/28 | ![]() | Last month in toleration band | ![]() |
Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.
By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer