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2021/01/19 / Erste Group Research

Patience to open up is running out, not the cash of governments


CEE countries are still not out of the woods as far as the COVID-19 pandemic is concerned, but at least government finances seem secure. The biggest task of financing was already tackled last year. Lower supply does not mean that we should expect lower yields in CEE, however.

The region started the year with a mixed picture. Vaccines are finally available, but vaccination is going at a slow pace. Also, the more virulent variants of the coronavirus are making most countries even more careful than before. This is not something that helps the economy in the short run. That said, the debt management situation is at least pretty safe. It is the patience for things to open up that is running out, not the cash of governments, fortunately.


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General information

AuthorErste Group Research
Date2021/01/19
Languageen
Product nameCEE Bond Market Report
Topic in focusFX, Macro/ Fixed income
Economy in focusCEE, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia
Currency in focusCroatian Kuna, Czech Koruna, Euro, Hungarian Forint, Polish Zloty, Romanian Leu, Serbian dinar
Sector in focus-
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