The two survey measures of activity released out of Central and Eastern Europe this week appeared to offer quite different insights into the performance of the region’s economies, but we’re more inclined to focus on the European Commission’s Economic Sentiment Indicators which suggest that economic growth strengthened at the start of Q2. Meanwhile, we also published our latest EM financial risk indicators this week, which show that banking sector risks in Russia are at a two-year high and downside risks to the Turkish lira remain large.
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