Monday , October 18 2021

The new Central European economy will also be affected by a new procedure for measuring vehicle emissions



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According to London financial analysts, the dynamics of economic growth in the EU Member States are somewhat slowed down in new mandatory measurements of vehicle emissions in the European Union, although this is not a decisive factor in regional growth.

From 1 September only new EU vehicles that have been exposed to the WLTP emission test (global harmonized light vehicle fleet) can be placed on the market, which is more precisely shaped according to the actual operating load.

According to the European Automobile Manufacturers Association's (ACEA) Mining Report, the number of new cars in transport in the European Union decreased by 23.5% compared to September.

The capacity of official measuring stations has significantly slowed down the entry of new models of several car factories, including BMW and Volkswagen.

Capital Economics, one of London's largest financial and economic analysts, published a study Thursday, estimates that delays in production due to the new process could be reduced by 0.05 percentage points in Poland in the third quarter of this year, by 0.1 percentage points in Poland, 0.3 percentage points in Hungary, the quarterly comparative growth rate of the domestic total product (GDP).

The company emphasizes that the impact in this region is clearly lower than in Germany. The analyst estimates that the same factor could be 0.35 percentage points below the quarterly growth of the German economy in the third quarter of this year.

According to model calculations, the Czech Republic's economy fell by 0.1 of a percentage point below the annual WLTP process by 0.2 percentage points below the growth rate of the Hungarian domestic product. At that time, the Polish economy was probably not a minimum negative impact.

London-based analysts from Capital Economics argue that many other factors, such as the slower growth in retail sales due to accelerated inflation, may have had a stronger impact on the growth of the Central European economies in the third quarter than the WLTP process.

(Al)

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