The new year is shaping up to be at least as tumultuous as the old one, or, in fact, each one since 2015, when the incumbent right-wing nationalist populists from PiS won their first term in power.
Lithuania enjoyed robust growth in 2019 but this is forecast to decline in 2020 given the deteriorating external environment.
GDP growth is expected to slow in 2020, with labour shortages remaining the main bottleneck to Czech economic growth.
A growth deceleration is forecast in Slovakia, where the automotive industry and other sectors face weaker external demand that will negatively impact exports.
Prime Minister Krisjans Karins, who heads a fractious five-party coalition, has pledged to put cleaning up Latvia’s financial sector at the top of his priority list.
A slowdown is looming for Estonia’s small, open economy in 2020, a year during which Tallinn will also have to restore trust in a banking sector tarnished by allegations of massive money laundering.
Ruling Fidesz is under pressure both at home and abroad, but neither politics nor the worsening external environment have so far dented Hungary’s stellar economic growth.