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Central & Eastern Europe GDP (Q3 2022)

Q3 GDP figures for Central and Eastern Europe were generally a bit better than we had expected, but pockets of weakness were beginning to emerge as the Czech and Hungarian economies both recorded q/q contractions. With the drag from high inflation, past monetary tightening and weakening external demand likely to intensify in Q4, we still expect most economies in the region to soon fall into recession.     

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