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Weak forint will not shift Hungary’s monetary policy

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HUNGARY

It dropped to 332.2, a decline of 5.7% since March 10, when the forint reached its strongest level against the euro this year. While the forint has fallen steadily against the…

Poland's pension reform may undermine public finances

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POLAND

The zloty resumed a depreciating trend on July 4, following the announcement of radical pension reform by Development Minister Mateusz Morawiecki. A combination of investor…

Brazil's recession will be long and recovery tepid

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BRAZIL

Poor industrial performance adds to a long list of woes for an economy facing a deep recession, with increasing unemployment, high inflation and the risk of losing its hard-won…

This year is crucial for the 'productivity puzzle'

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INTERNATIONAL

Productivity prospects.

Hungary’s monetary stance may weaken forint further

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HUNGARY

Hungary’s financial and economic woes are deepening amid a second wave of COVID-19 infections, which is undermining business and consumer confidence, and threatening to derail the…

Prospects for Central Europe in 2020

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PROSPECTS 2020

Prospects for Central Europe in 2020.

Ciolos will aim to tackle Romania's developmental lag

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ROMANIA

The non-party government of former EU Commissioner Dacian Ciolos took office on November 17 after the Ponta government stood down. Much of the previous administration's budget…

Markets will be wary of Hungary despite rate rise

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EASTERN EUROPE

Although the MNB has struck a more hawkish tone and has raised rates more sharply than expected -- the latest increase is the largest since 2008 -- it has a track record of…

Overheating is among risks for Central-Eastern Europe

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EU

The economic outlook for the five leading CEE economies.

Prospects for the global economy to end-2020

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PROSPECTS 2020 H2

COVID-19 dominates the scenarios for the next six months, which range from a swift sharp recovery to another dramatic fall in activity. Policy responses, financial markets…