Q2 GDP data to show Central Europe’s recovery losing steam

The raft of second quarter GDP data due to be published next week is likely to show that the recovery in Central and South Eastern Europe lost steam. Worryingly, having made a bright start to Q2, activity in the region weakened towards the end of the quarter. Unless this improves, growth in Q3 could turn out to be weaker. Meanwhile, it looks like growth slowed further in the region’s two largest economies, Russia and Turkey.

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