The effects of lockdowns have been felt unevenly across the region, with Romania and Turkey suffering among the largest falls in both retail sales and industrial production, while activity in Latvia and Ukraine has held up better. High-frequency data suggest that activity has recovered quickly in Poland, the Czech Republic, and the Baltic States since April, but the recovery has been more sluggish in Turkey.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.