Saturday , June 19 2021

The economy of the Central European countries will also be affected by the new procedure for measuring vehicle emissions



According to London financial analysts, it is likely that the economic growth rate in the EU Member States has slightly decreased in the new mandatory vehicle emission rates in the European Union, although this is not a decisive factor for regional development.

From 1 September, only new vehicles in the EU can be placed on the market that have been subjected to the Worldwide Harmonized Light Vehicles Test Procedure (WLTP), which is more closely modeled on the actual operational load.

According to the mining report of the European Association of Automobile Manufacturers (ACEA), the number of new cars in traffic in the European Union fell in September by 23.5% compared to September.

The limited capacity of official measurement stations has significantly delayed the introduction of new models of several car factories, including BMW and Volkswagen.

One of London's largest financial and economic analysts, Capital Economics, published a survey on Thursday, estimates that production delays caused by the new process can be reduced by 0.05 percentage points in Poland in the third quarter of this year, by 0.1 percentage point in Poland , 0.3 percentage points in Hungary. quarterly comparative growth rate of gross domestic product (GDP).

The company emphasizes that the influence in the region was clearly lower than in Germany. The analyst estimates that the same factor could amount to 0.35 percentage point minus the quarterly growth of the German economy in the third quarter of this year.

According to model house calculations, the economy of the Czech Republic, by 0.2 percentage points below the growth rate of the Hungarian domestic product, fell by 0.1 percentage point in the annual comparison of the WLTP process, and during this period the Polish economy probably did not have a minimal negative impact.

London-based Capital Economics analysts argue that many other factors, such as slower growth in retail sales due to accelerating inflation, were likely to have a greater impact on CEE growth in the third quarter than the WLTP process.

(Al)


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