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Emerging Europe : the balance of risks is tilted to the downside

Emerging Europe : the balance of risks is tilted to the downside
Recurso electrónico / Electronic resource
Sección: Documentos electrónicos
Título: Emerging Europe : the balance of risks is tilted to the downside / Manfred StamerAutor: Stamer, Manfred
Publicación: Paris ; Munich : Euler Hermes : Allianz, 2020Descripción física: 7 p.Serie: (Allianz Research)Notas: Sumario: Economic activity in the Emerging Europe region rebounded markedly in Q3 2020, but new lockdowns wi ll send the region into a double-dip
recession in Q4. Based on data available for nine economies that account for 70% of regional GDP, we estimate Q3 output to have expanded by +6.3% q/q, with the strongest increases seen in Slovakia (+11.7% q/q, after -8.3% in Q2, see Figure 1) and Hungary (+11.3% after -14.6% in Q2). This follows the substantial easing of lockdowns in May-June, as well as the restoring of supply chains and a recovery in the battered automotive sector. However, amid a very strong second wave of Covid-19, the 11 EU member states in Central and Eastern Europe (CEE-EU-11) have been forced to implement new lockdowns, albeit at varying stringency levels.
Materia / lugar / evento: Perspectivas económicas Recuperación económica Coyuntura económica Recesión económica Europa Otros autores: Euler Hermes
Allianz
Serie secundaria: Allianz Research Otras clasificaciones: 921