Tuesday , October 26 2021

Central European economies will be affected by new procedures for measuring vehicle emissions



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According to London's financial analysts, the pace of economic growth in EU member states is likely to slow somewhat in the European Union's (EU) automobile emissions obligation measure, but this is not likely to be a decisive factor for regional growth.

From September 1, we will be able to place new vehicles only in the EU market, which has been tested for more accurately modeled WLTP (Worldwide Harmonized Light Vehicle Test Procedure) emissions for actual working loads.

According to the mining report of the European Automobile Manufacturers Association (ACEA), new cars distributed in the EU fell 23.5% in September compared to September.

Due to the limited capacity of the official weighing stations, the introduction of new models at several automobile factories, including BMW and Volkswagen, has been significantly delayed.

Capital Economics, the largest economic and economic analyst in London, said the delay in production due to the new process was 0.05 percentage points in Poland in the third quarter of this year, Poland 0.1 percentage point, Hungary 0.3 percentage point Gross Domestic Product ) Quarterly growth rate.

The company emphasizes that the impact of this region is clearly less than that of Germany. Analysts predicted that in the third quarter of this year, the same factor would reach 0.35 percentage points, minus quarterly growth in the German economy.

According to housing model calculations, the economy in the Czech Republic was 0.2 percentage points lower than the growth rate of Hungarian domestic products, a 0.1 percentage point decline in the annual comparison of WLTP processes, and the Polish economy would have had a minimal negative impact during this period.

London analysts at Capital Economics have argued that many other factors, such as slower retail sales growth due to inflationary pressures, will have a greater impact on the third quarter growth rate of the Central European Union's EU economy than the WLTP process.

(egg)

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