Regional GDP growth is set to slow to its weakest pace since 2015 this year and our forecasts for most countries are below consensus. Weakness in the euro-zone will weigh on the highly-open economies of Central Europe, while growth in Russia is likely to lose steam. The worst for the Turkish economy appears to have passed, but the recovery will be slow-going. Central banks in Russia and Turkey are likely to cut interest rates this year, and Czech policymakers will follow suit in 2020.
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