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.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services