Central Europe / Opinion
ING: Poland's growth slows sharply and the outlook is poor
Annual GDP data implies that growth slowed in the final quarter of last year to a modest 3% year-on-year vs 3.9% in the third quarter. ING’s 3% y/y growth forecast for 2020 is at risk for a downgrade.
ING: Hungarian inflation jumps to 4% in December
Hungary's headline inflation rose remarkably in December, as expected, mainly on the back of energy prices. But what's more important is that core inflation slowed somewhat, so we see the central bank remaining calm.
ING: Czech industrial production fell by more than expected in November as economy cools
Industrial production in Czechia fell by 5.7% year-on-year in November as the five year long boom comes to an end.
VIENNEAST COMPASS: Risk outlook 2020 – balancing in limbo
CEESE had a good year in 2019, with the economies in the region buoyed by increasing domestic consumption and capital spending that allowed the region to decouple from western Europe.
CAPITAL ECONOMICS: CEE growth comes off the boil in 2019, but loose money and strong demand will bolster growth in 2020
The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow