PRESS CONFERENCE, 31 JULY 2023
Half-year results 2023
Willi Cernko, Chief Executive Officer
Stefan Dörfler, Chief Financial Officer
Alexandra Habeler-Drabek,Chief Risk Officer
Ingo Bleier, Chief Corporates & Markets Officer
GDP growth in 2022: A strong starting base
+2.5%
+1.7%
+4.9%
+4.6%
+4.7%
+6.2% | ||
eurozone | +3.5% | +2.3% |
Erste region Ø | +4.0% |
Source: Erste Group Research | 2 |
GDP forecast for 2023: Growth - but significantly lower
+0.2%
+1.5%
+0.6%
+0.5%
+2.1%
+2.6% | ||
eurozone | +0.5% | +1.6% |
Erste region Ø | +1.0% |
Source: Erste Group Research | 3 |
GDP forecast for 2024: CEE back to solid growth
+2.8%
+2.5%
+1.6%
+4.1%
+4.2%
+2.6% | ||
eurozone | +1.3% | +3.8% |
Erste region Ø | +2.9% |
Source: Erste Group Research | 4 |
Budget deficits: Significant improvements expected in 2024
IN % OF GDP
2022 | 2023e | 2024e | Maastricht criteria |
AT | CZ | SK |
-1.6
-2.0
-2.8
-3.2-3.2
-3.6
-4.0-4.0
-5.5
eurozone Ø | |||
2022: | -3.6% | ||
2023e: | -3.2% | ||
2024e: | -2.4% | ||
HU | RO | HR | RS |
0.4 |
-0.8 | ||
-2.2 | ||
-3.0 | -2.8 | |
-3.4 | -3.2 | |
-3.5 |
-4.2
-4.7
-6.2-6.2
Source: Erste Group Research | 5 |
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Erste Group Bank AG published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2023 09:08:03 UTC.