Key events in EMEA and Latam next week
A relatively quiet week ahead in the EMEA and Latam region, but keep an eye on unemployment figures from Hungary and Poland, as well as GDP figures out of Mexico
Poland: Solid retail sales may not be enough to curtail the 4Q slowdown
We expect solid retail sales growth in October, despite a mounting number of Covid-19 cases in Poland. Data on transaction activity indicates that Poles are reluctant to stop spending and even stepped up purchases ahead of the expected lockdown in November. Still, with new restrictions in place this month the economy should significantly slow in 4Q, as a more pronounced recovery is delayed past 1Q21.
Hungary: Unemployment to rise
We see a chance for the unemployment rate to start rising again in Hungary as the impact of labour market programmes fades and companies face severe adversity amidst a second wave of Covid-19.
EMEALatam Economic Calendar
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20 November 2020
Our view on next week’s key events This bundle contains 3 articlesThis publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more