Czech economy shrunk in the third quarter…
… while recovery in Poland and Hungary accelerated
Preliminary regional data on real GDP growth in the third quarter took markets by surprise. While the Czech GDP, contrary to expectations, dropped by 0.5 % quarter-on-quarter (market consensus was 0.5 % growth) and fell 1.6 % year-onyear, the pace of growth of the Hungarian economy significantly accelerated; GDP rose by 0.8% Q/Q and 1.7% Y/Y. In Poland, GDP growth reached 1.9 % Y/Y (+0.6 % Q/Q) and was thus a bit higher than expected, too.
Read the full report: FX Daily
KBC