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A joint coronabond in Europe seems unlikely at this point but the impact on the EUR/USD should be limited as expectations aren't high anyway
Industrial production rose amid supply chain disruptions in February, but March is expected to be affected by local shutdowns
More of the same story as data across the EMEA region reflects the economic cost of Covid-19. March CPI readings are a battle between the drop in fuel…
It was even stronger than we expected. The retail sector posted a double-digit increase in turnover in February, a 17-year record, as Covid-19 triggered a…
New expansionary monetary and fiscal policies have been introduced in Poland to deal with the current crisis. With limited fiscal space a key question is…
All CEE countries should experience negative growth in 2020, with 2Q20 constituting the bottom. All banks in the region are in full easing mode. We expect…
Even before Covid-19 led to country-wide lockdowns, supply chain shocks and weak foreign demand were already taking a toll. Small open economies, such as…
Poland's PMI Manufacturing index recorded an historically sharp drop in March due to the country lockdown. The biggest contraction is expected in the…
Hungary's PMI dropped to a lower level than that seen in the Great Recession, so we're a step closer to saying that our worst case scenario should…
Wage growth in Hungary is slowing due to a drop in non-regular pay. The data's from January this year and is still to be impacted by the coronavirus