Grzegorz Sielewicz CEE Chief Economist Coface Country Risk Conference

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Presentation transcript:

Economies of Central and Eastern Europe: safe bets in the emerging world? Grzegorz Sielewicz CEE Chief Economist Coface Country Risk Conference Prague, 24th May 2017

Coface sector risk assessments

CEE GDP growth forecast

The labour market on its improvement track Unemployment rates (%) Gross wages dynamics (2010=100) Source: Eurostat Source: Eurostat

Deflation belongs to the past HICP inflation (%) Brent oil price (USD per barrel) Source: Eurostat Source: Coface

Construction has started to recover Industrial production (%, y/y dynamics) Construction output (%, y/y dynamics) Source: Eurostat Source: Eurostat

Labour costs still attractive despite an increase Labour costs (EUR, hourly) Labour productivity index (2000=100) Source: Eurostat Source: Eurostat

Top 5 jobs employers are having difficulty to fill Labour shortages are a blessing for households but concern for corporates Job vacancy rates (%) Top 5 jobs employers are having difficulty to fill Source: Eurostat Source: ManpowerGroup

Coface country risk assessments

Coface country risk assessments: CEE countries