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GDP growth data in spotlight

CEE Insights , 12. Aug.
GDP growth data in spotlight
GDP growth data in spotlight
This week in CEE

Several CEE countries will release flash estimates of 2Q24 GDP growth. We already know how Czechia, Hungary and Serbia performed and this week we will find out about Poland, Romania, Slovakia and Slovenia. In all four countries, we expect growth dynamics of close to or above 2% in y/y terms. Further, in Romania, Serbia and Czechia we will see Julys inflation footprints. Croatia, Poland and Slovakia will release Julys inflation numbers as well, but it will either be the final estimate (Croatia and Poland) or following Julys HICP flash release (Slovakia). As for price development, Czechia will also publish Julys producer price. Finally, Romania and Serbia will release current account data for June, and Poland will publish trade data. On Friday, after market closes, Fitch will publish rating decision for Czechia. We do not expect any change.

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In case you missed
CEE: Some of the CEE countries managed to avoid recession. Labor market untouched by slowdown HR: Technical recession, but brighter outlook. We revise our growth forecast up to 1.0% in 2023. RO: Slow road to recovery for manufacturing. 4Q22 GDP in line with expectations. January inflation surprised to downside SK: Change of price lists in services. Labour market still on a positive trajectory with solid economic growth at the end of the year. Fitch affirmed Slovakia’s A with negative outlook. SI: 4Q22 GDP growth decelerating to 0.2% y/y