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The economy is highly integrated into international value chains, making it vulnerable to major foreign trade losses, especially in the automotive sector.

The forint remains vulnerable to international investors’ sentiment due to the elevated external and public debt levels and institutional issues.

As the economy is reliant on automotive-related exports to the Eurozone, especially to Germany, it is vulnerable to adverse developments in the industry.

The currency is subject to some volatility, and the country is vulnerable to capital outflows should there be adverse internal or external developments.

Political instability remains an issue for the long-term economic growth prospects, while corruption and red tape still hamper the business environment.

Economic growth in Eastern Europe is projected to remain solid this year, despite losing steam mainly because of poor growth prospects for Turkey.

Real GDP growth in Poland is forecast to reach 4.4% this year, slowing down to 3.6% in 2020.

Insolvencies are expected to increase by about 3% in the coming 12 months, mainly affecting car dealers, car part distributors and Tier 2 suppliers.

Despite a forecast growth slowdown in 2019 the economy should still experience positive momentum, with low unemployment and manageable inflation.

The USMCA has finally been signed on November 30, easing short-term uncertainty surrounding North American trade.