The Czech government this week announced a further tightening of containment measures in an effort to control the surge in COVID-19 cases which will cause economic activity to continue to soften. In response, the government has stepped up its fiscal support and, while the central bank doesn't appear keen to pull the trigger yet, the likelihood of unconventional easing is growing . Meanwhile, data released this week showed that Turkey’s current account deficit has widened further, reinforcing concerns about the dire external position.
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