Two decades in the European Union: How have they been for the Visegrad Four states?
Martin Kabrt,
Lubos Komarek,
Petr Polak,
Michaela Rysava and
Pavla Netusilova
A chapter in CNB Global Economic Outlook - May 2024, 2024, pp 14-20 from Czech National Bank, Research and Statistics Department
Abstract:
This article compares how the Visegrad Four states (the Czech Republic, Hungary, Poland and Slovakia) have performed in the two decades of their EU membership. First, we will look at the progress they have made in economic convergence towards the EU average, in particular in terms of real GDP per capita, and the price level and wage level achieved. We will then examine how successful the individual states have been in terms of allocating European money to projects co-financed by the EU. Yet the main focus of our article is to serve as a reminder that the greatest benefits for the V4 states and the EU as a whole are the four freedoms, i.e. the free movement of goods, services, capital and people. Finally, we look at the V4 states through the lens of the regular "report card" issued by rating agencies.
Date: 2024
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