Emerging Europe Economics

Emerging Europe Chart Book

20 October, 2017

Consumer recovery strengthens

The latest economic data suggest that growth in Emerging Europe as a whole picked up further in Q3 and one of the main drivers behind this appears to have been stronger consumer spending. Retail sales in Russia rose at their fastest pace since 2014 last month and in Central and Eastern Europe (CEE) they increased more quickly in August than at any point since the global financial crisis. We think the recent consumer recovery in Russia probably has a little further to run. Inflation is likely to remai

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