Economic Snapshot for Central & Eastern Europe
bet360备用网址March 10, 2020
Central & Eastern Europe growth to lose traction in 2020
The regional economy should lose traction this year, although growth should remain healthy nonetheless. A weak Eurozone, intensifying supply-side constraints and the EU funding cycle will restrain investment and exports, while slower employment growth will limit consumer spending. Trade policy uncertainty and coronavirus spillovers pose the main downside risks.
CEE Monetary & Financial Sector News
Regional inflation came in at 3.8% in January, increasing from December’s 3.3% reading. Inflation is set to remain largely stable in 2020 compared to last year as lower energy prices should broadly offset upside price pressures stemming from solid wage growth and tightening capacity constraints. Covid-19 presents both upside and downside risks to inflation ahead.
bet360备用网址Central banks in Hungary and Poland stood pat at their latest meetings, despite heightened downside risks related to the coronavirus outbreak. Cooling economic activity, a frail Eurozone economy and the ECB’s loose monetary policy stance drove their decisions. Rates should remain broadly unchanged ahead, barring upside inflation surprises or disruptions linked to coronavirus.
Over the last few weeks, local currencies lost ground against EUR, largely on market jitters over how the coronavirus could impact the global economy. The downside movement was partly cushioned by the Fed’s decision to cut rates, which reinforced hopes of a monetary response of central banks.
bet360备用网址5 years of Central & Eastern Europe economic forecasts for more than 30 economic indicators.
Central & Eastern Europe Economic News
March 16, 2020
Consumer prices increased a modest 0.1% from the previous month in February, following January’s 0.9% jump.
March 13, 2020
Consumer prices surged 0.7% over the previous month in February, following January’s 0.9% jump, according to a flash release by the Poland’s Statistical Institute (GUS).
March 12, 2020
Industrial production fell 1.4% year-on-year in working-day adjusted terms at the outset of 2020, which followed the 3.3% drop recorded in December and marked the eighth consecutive month of decline.
March 12, 2020
Industrial production fell 3.1% year-on-year in seasonally- and working day-adjusted terms in January, following December’s 6.9% plunge and marking the tenth consecutive month of contraction.
March 12, 2020
bet360备用网址According to a second estimate by the Statistical Institute, industrial production increased a working-day-adjusted 2.7% year-on-year in January, matching the first estimate and contrasting December’s revised 3.6% fall (previously reported: -3.7% year-on-year).
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