Key events in EMEA and Latam next week
A policy rate decision in Brazil as well as 3Q GDP releases in the Czech Republic and Mexico will be the key events to watch next week
Czech Republic: Second partial lockdown portends a ‘W’-shaped recovery
The Czech economy is heading into a second partial lockdown due to soaring Covid cases, which will lead to a fall in fourth quarter GDP and a 'W'-shaped economic scenario. Still, third quarter growth should be solid and the Czech Statistical Office will publish these figures next week, again only 30 days after the end of the quarter. This means that September’s figures are not yet known, which makes estimates less reliable, though June-August figures confirmed a solid rebound, leading to rapid quarter-on-quarter growth of around 5%. This easily surpasses the relatively pessimist figure in the CNB forecast of 2.8%.
EMEALatam Economic Calendar
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Download article23 October 2020
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