Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments.
The Q3 GDP data out of Emerging Europe confirmed a growing divergence in the region, with Poland a clear outperformer, while other parts of CEE struggled and momentum in Russia continued to wane. We think that this divergence will continue over the coming quarters. Meanwhile, we expect further interest rate cuts to be delivered across the region in 2026, but persistent inflationary pressures mean less easing is likely to be delivered than most expect.
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