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Central & Eastern Europe GDP (Q2 2023)

Q2 GDP figures for Central and Eastern Europe (CEE) generally came in below expectations and suggest that the region continued to suffer the ill-effects from high inflation and interest rates last quarter. While disinflation and monetary easing should provide the foundations for a pick-up in activity over the quarters ahead, we think that recoveries over the rest of the year will be slow amid weakening external demand and continued consumer caution.

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