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2023/12/11 / Ceska Sporitelna Research

EU News Monthly December 2023

In the Dutch parliamentary elections, Geert Wilders' Eurosceptic Party for Freedom won by a wide margin, receiving 23.5 % of the vote.

The European Commission has published its economic forecast from autumn 2023. According to it, economic activity will gradually recover and inflation will continue to fall. This is despite the slowdown of the EU economy, which is caused, among other things, by the high cost of living and the increase in interest rates. Overall, however, economic growth is expected to pick up. The GDP growth forecast in 2024 is 1.3% in the EU.

Slovakia has signed a memorandum on the construction of a gigafactory with the Slovak-Chinese firm Gotion InoBat Batteries. The planned plant will be built on an area of 65 hectares in Šurany in the south of Slovakia and its production capacity in the first phase will reach 20 GWh with the possibility of doubling it later. Production is expected to start in 2026.

MEPs have approved their position on the Euro 7 emission standards, which relates to limits on exhaust fumes for cars and trucks.

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General information

AuthorCeska Sporitelna Research
Product nameEU News Monthly
Topic in focusFX, Macro/ Fixed income
Economy in focusCzech Republic
Currency in focusCzech Koruna
Sector in focus-


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