GDP structure, central bank and inflation

This week, there are several economic events taking place. In Hungary, a central bank meeting is scheduled for Tuesday; we expect stability of rates. In Croatia, we will see 1Q25 GDP, including the structure. In Czechia, the structure will be published at the end of the week as well. Other than that, retail sales growth in April will be released in Slovenia, Serbia, Croatia and Poland. In Serbia and Croatia, industrial output will also be published, Trade data will be released in several CEE countries (Serbia, Croatia, Hungary). Finally, in Poland and Slovakia, flash inflation for May will be published. In Romania, there are no economic events, but the new president is to begin negotiations to form a new government. On Friday, after market close, Moodys will evaluate Hungary, which already has a negative outlook. Although no improvement has been recorded on the issues pointed out as weaknesses, a negative outlook is likely to prevail.