Fitch: Emerging European economies boost growth

Regarding European economies, the international credit rating agency Fitch Ratings stated that developing European countries continued their economic growth after the coronavirus epidemic.

In the statement made by Fitch Ratings, it was stated that economies needed public support less as their GDP increased, and it was reported that supply chain problems in some countries affected the manufacturing sector.

AVERAGE ANNUAL INFLATION EXPECTED TO BE 4.3 PERCENT FOR 2021

The common factor behind the price pressure is the rapid recovery in domestic demand, which puts pressure on supply chains and global commodity prices. To these pressures were added exchange rate movements and tight labor markets.” it was said.

In the statement, it was stated that since the second quarter of this year, the credit rating outlook of Azerbaijan and Georgia has been changed from "negative" to "stable", while the outlook of Ukraine and Bulgaria has been changed from "stable" to "positive".