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2022/02/14 / Erste Group Research

The last quarter of 2021 was marked by supply-side disruptions that weighed on industry, as well as by the ongoing pandemic wave. This will likely be reflected especially in the Slovak flash GDP estimate, which we see at 1.3% y/y. On the other hand, other local economies seem to have fared better despite the headwinds. We see Hungarian and Polish flash GDP prints at 6.3% y/y and 7.1% y/y, respectively. Romanian economy likely expanded by a solid 4.8% in year-on-year terms in 4Q21.
Inflation accelerated further in Poland, although government measures introduced under the anti-inflation shield should partially offset the increase of prices. Inflation should nonetheless be close to 9.3% y/y.


General information

AuthorErste Group Research
Date2022/02/14
Languageen
Product nameVideo
Topic in focusFX, Macro/ Fixed income
Economy in focusCEE, Hungary, Poland, Romania, Slovakia
Currency in focusEuro, Hungarian Forint, Polish Zloty, Romanian Leu
Sector in focus-
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