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. |
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Author | Erste Group Research |
Date | 2022/02/14 |
Language | ![]() |
Product name | Video |
Topic in focus | FX, Macro/ Fixed income |
Economy in focus | CEE, Hungary, Poland, Romania, Slovakia |
Currency in focus | Euro, Hungarian Forint, Polish Zloty, Romanian Leu |
Sector in focus | - |
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