Friday , August 19 2022

Central European economies will also be affected by the new measure of emissions of vehicles


According to London financial analysts, it is likely that the pace of economic growth in EU member states has slowed to some extent in the new European Union measurement of vehicle emissions, although this is not a decisive factor in regional growth.

As of September 1, only new EU vehicles can be placed in the market, which have been introduced for WLTP emissions testing (WLTP), which is more accurately demonstrated on the actual operational load.

According to Minneapolis report of European automotive manufacturers (ACEA), the number of new cars in the EU circulation fell by 23.5% in September compared with September.

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

One of London's financial and economic analysts, Capital Economics, today published a study estimating that production delays caused by the new process will be reduced by 0.05 percentage points in Poland in the third quarter of this year by 0.1 percentage points in Poland, (In terms of gross domestic product).

The company stresses that the impact in this area was probably lower than in Germany. The analyst estimates that the same factor could have amounted to 0.35 percentage points, less than the quarterly growth of the German economy in the third quarter of the year.

According to the model's calculations, the Czech economy, 0.2 percentage points below the Hungarian GDP growth, fell by 0.1 percentage points in comparison with the annual WLTP process, and during this period the Polish economy probably had no minimal negative impact.

London Capital Economics analysts argue that a number of other factors, such as slower growth in retail sales due to accelerated inflation, were likely to have a significant impact on third-quarter growth performance of EU economies in Central Europe than the WLTP process.


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