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2019/08/19 / Erste Group Research

MD Special Report: Domestic demand remains key growth driver

Unlocking external funding puzzle: political risks eased after new cabinet took power, but uncertainties remain

Economic growth to be driven by solid domestic demand, but long-term growth constrained by high migration affecting labor market

Trade prospects to be shaped by free-trade agreement with the EU and improving relation with Russia

Inflation to reach 8% at end-2019, hence central bank hawkish tone and pressure on short-term yields likely to persist

Very large current account deficit maintains bias for a weaker MDL
Budget deficit on the rise: its level is manageable but depends on political support for sound finances

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General information

AuthorErste Group Research
Product nameCEE Economies Special Report
Topic in focusMacro/ Fixed income
Economy in focusCroatia, 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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