2024 GDP data, inflation and central bank meetings in Romania and Serbia

CEE Insights , 10. Feb.
2024 GDP data, inflation and central bank meetings in Romania and Serbia
2024 GDP data, inflation and central bank meetings in Romania and Serbia
This week in CEE

The most interesting data will be released at the end of the week as 4Q24 GDP releases are scheduled in several CEE countries. That will complete the data for 2024 economic performance in most of the region. Only Croatia will publish GDP data at the end of February. Other than that, headline inflation will be released in Hungary and Romania, as in other countries, such as Czechia or Poland, we have already seen the Januarys flash estimates. While in Hungary inflation is expected to increase, in Romania, it should marginally ease. Further, two central bank meetings are planned in Romania and Serbia. We expect no change in the policy rate in either country. Finally, Decembers industrial output growth will be released in Slovenia and Romania, wage growth will be published in Slovakia and Romania and trade data is due in Poland and Romania. Last but not least, Fitch is scheduled to review Czechias rating and outlook.

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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