skip to main content

Central Europe

Macro View

Markets

Finance & Banking

Geostrategic & Long Term Issues

RGE's Q3 2010 Central Europe Outlook

On the Mend, Growing Stronger than the Eurozone

The Central European economies of the Czech Republic, Hungary, Poland and Slovakia (the so-called “CE-4”) are on the mend. All posted positive y/y growth in Q1 2010, and data suggests continued growth in Q2. Net exports are driving the recovery, helped by the global trade rebound and constrained imports, which are held back by lackluster domestic demand. Due to strong Q1 GDP readings and an improvement in the near-term export outlook, RGE has revised up the regional GDP growth forecast for 2010 to 2.1%, stronger than the 0.9% forecast for the eurozone and stronger than the 1.5% forecast in the previous Outlook.

Read the Q3 2010 Central Europe Outlook.

RGE Analysis

CROSS ASSET MONTHLY

Credit: Who Gets Their Pound of Flesh?

David Nowakowski Aug 31, 2010

CROSS ASSET MONTHLY

Commodities: No Pain, No Grain

Shelley Goldberg Aug 31, 2010

CROSS ASSET MONTHLY

Currencies: The End of Exuberance

Natalia Gurushina Aug 31, 2010

CROSS ASSET MONTHLY

Emerging Markets: At the Cross Roads

Natalia Gurushina Aug 31, 2010

CROSS ASSET MONTHLY

Fixed Income: Unconventional Policies Create Uncertainty

Arun Motianey Aug 31, 2010

CROSS ASSET MONTHLY

Executive Summary: States of Flux: Stay Risk Averse

Arnab Das Aug 31, 2010

CROSS ASSET MONTHLY

Financial Institutions: Cracks in the EZ Façade

Jennifer Kapila Aug 31, 2010

RGE STRATEGY VIEW

Struggling to Break Free: Rising Correlations Part II

By David Nowakowski and Natalia Gurushina Aug 25, 2010

RGE STRATEGY VIEW

The History of Risk—Correlations, Volatilities and Z-Scores

By David Nowakowski and Natalia Gurushina Aug 25, 2010

RGE STRATEGY VIEW

Don’t Bet the Banks on an EZ Stress Test

By Jennifer Kapila, Elisa Parisi-Capone, Arnab Das and David Nowakowski Aug 12, 2010

RGE STRATEGY VIEW

Q3 2010 Scenario Analysis: Macroeconomic Factors & Asset Class Investment Implications

By Christian Menegatti, Rachel Ziemba, Arnab Das, Arun Motianey, Gina Sanchez, Natalia Gurushina and David Nowakowski Aug 2, 2010

GLOBAL ECONOMIC OUTLOOK

Central Europe: Q3 2010 Outlook

Mary Stokes Jul 12, 2010

GLOBAL ECONOMIC OUTLOOK

Slovakia: Q3 2010 Outlook

Mary Stokes Jul 12, 2010

GLOBAL ECONOMIC OUTLOOK

Czech Republic: Q3 2010 Outlook

Mary Stokes Jul 12, 2010

GLOBAL ECONOMIC OUTLOOK

Hungary: Q3 2010 Outlook

Mary Stokes Jul 12, 2010

GLOBAL ECONOMIC OUTLOOK

Poland: Q3 2010 Outlook

Mary Stokes Jul 12, 2010

GLOBAL ECONOMIC OUTLOOK

Central Europe: Q2 2010 Outlook

Mary Stokes Apr 12, 2010

GLOBAL ECONOMIC OUTLOOK

Central Europe: Q1 2010 Outlook

Mary Stokes Jan 30, 2010

Eastern Europe: Out of the Danger Zone?

Mary Stokes and Jelena Vukotic Oct 21, 2009

Eastern Europe: Will Democracy Stay the Only Game in Town?

Jelena Vukotic and Michael Bogdan Apr 30, 2009

Eastern European Tinderbox: How Explosive Could it Get?

Mary Stokes, Jelena Vukotic and Elisa Parisi-Capone Feb 28, 2009

What's the Matter With Hungary?

Mary Stokes Oct 27, 2008

Vulnerabilities in Central and Southern Europe

Nouriel Roubini and Christian Menegatti Jun 6, 2006

What is the Risk of a Currency and Financial Crisis in Hungary?

Nouriel Roubini and Christian Menegatti Jun 1, 2006

EconoMonitors

RGE Analysts' EconoMonitor

Czech Banks Still Head of the Class

Frances Donald Sep 10, 2010

Peterson Institute for International Economics Monitor

The Sun Is Rising in the East

Anders Aslund Aug 19, 2010

Global Macro EconoMonitor

Budget Cuts in Europe: Meet the “Virtuosi” and the “Laggards”

Paolo Manasse Jul 28, 2010

RGE Analysts' EconoMonitor

RGE’s Wednesday Note: Hungary Suffers from Foot-in-Mouth Syndrome

Mary Stokes Jun 9, 2010

RGE Analysts' EconoMonitor

Eurozone Newcomers Show Little Sympathy for Greek Woes

Jelena Vukotic May 10, 2010

Europe EconoMonitor

Growth Surprises and Drivers Are Changing in Eastern Europe

Marcus Svedberg Apr 20, 2010

RGE Analysts' EconoMonitor

RGE's Wednesday Note - What Are the Political Implications of Poland’s Tragedy?

Jelena Vukotic Apr 14, 2010

Europe EconoMonitor

The German Economy Is Essentially "Intact"

Edward Hugh Mar 11, 2010

RGE Analysts' EconoMonitor

What Greece’s Fiscal Crisis Could Mean for Eastern Europe

Mary Stokes and Jelena Vukotic Feb 22, 2010

Europe EconoMonitor

Reigniting Growth in Emerging Europe

Marek Belka Feb 10, 2010

Nouriel Roubini's EconoMonitor

Medicine for Europe’s Sinking South

Nouriel Roubini and Arnab Das Feb 2, 2010

Europe EconoMonitor

Getting Ready to Join the Eurozone Club

Marek Belka Feb 2, 2010

Global Macro EconoMonitor

Unemployment Rates: U.S. Versus the Rest of the World

Rebecca Wilder Jan 31, 2010

RGE Analysts' EconoMonitor

Bremmer-Roubini 2010 Global Forecast

Nouriel Roubini Jan 28, 2010

Europe EconoMonitor

Hungary isn't another Greece........Now is it?

Edward Hugh Jan 22, 2010

Europe EconoMonitor

Unemployment in Europe: It's Not Just Spain

Rebecca Wilder Jan 3, 2010

Europe EconoMonitor

Hungary's Economic Correction Still Fails to Convince

Edward Hugh Dec 29, 2009

RGE Analysts' EconoMonitor

How Much Unity in the United Arab Emirates?

Michael Moran and Rachel Ziemba Dec 9, 2009

Global Macro EconoMonitor

Moody’s: Iceland, Latvia and Hungary in “Fragile Stabilization”

Edward Harrison Sep 23, 2009

Europe EconoMonitor

As Hungary's "Correction" Heads For A Dead End, Time For A Change Of Course?

Edward Hugh Sep 21, 2009

Peterson Institute for International Economics Monitor

Control High Inflation, Not Exchange Rates

Anders Aslund Sep 16, 2009

Europe EconoMonitor

Summer Vigour

Marcus Svedberg Sep 4, 2009

Daily Digest

News

VAT hike proposed to pump up state revenue

The Slovak Spectator  Sep 10, 2010

News

Czech Republic's Austerity May Cut Bond Sales to Pre-Crisis Levels by 2013

Bloomberg  Krystof Chamonikolas Sep 10, 2010

News

Hungarian Debt Upgraded at Raiffeisen Research on Deficit, Interest Rates

Bloomberg  Krystof Chamonikolas Sep 10, 2010

Analysis

Hungary versus the IMF

EU Observer  Gyorgy Folk Sep 10, 2010

News

Czech Republic: Government finance statistics

Czech National Bank  Sep 10, 2010

News

Hungary: Analysts say August CPI data better than expected

Budapest Business Journal  Sep 10, 2010

News

Inflation in ČR in Aug slightly lower than ČNB estimates

Prague Daily Monitor  Sep 10, 2010

Blogs

Hungarian Local Election Candidates Caught On Tape

Wall Street Journal  Veronika Gulyas Sep 10, 2010

News

Hungary: Consumer Prices August 2010

Hungarian Statistical Office  Sep 10, 2010

News

Hungary's Surrender on Budget Deficit May Boost Forint, Bonds

Bloomberg  Zoltan Simon Sep 09, 2010

News

Hungary Exceeds Debt Sales Goal on Deficit Pledge

Bloomberg  Zoltan Simon and Piotr Skolimowski Sep 09, 2010

Blogs

Hungarian Government Gets Its Act Together

The Wall Street Journal  Sep 09, 2010

News

Slovakia Region: Radičová still mum on tax hikes

The Prague Post  Sep 09, 2010

News

Czechs prepare for major job market reforms

EurActiv  Sep 09, 2010

News

Q2 GDP growth faster than ČNB forecast

Prague Daily Monitor  Sep 09, 2010

News

CEE markets wrap: breathing space for Hungary

Henry Mance  Sep 09, 2010

News

Gov’t decides to have deficit of less than 3% in 2011

Budapest Business Journal  Sep 09, 2010

News

Previous gov't blamed for overestimated revenues

Budapest Business Journal  Sep 09, 2010

News

Hungary makes U-turn, commits to 2011 budget cuts

Reuters  Gergely Szakacs and Krisztina Than Sep 09, 2010

News

The Czech National Bank comments on the August 2010 inflation figures

Czech National Bank  Tomáš Holub Sep 09, 2010

News

The Gender Pay Gap in Informal Employment in Poland

Center for Social and Economic Research  Anna Ruzik and Magdalena Rokicka Sep 09, 2010

Analysis

Czech Republic: CPI back on target

ERSTE Bank  Martin Lobotka Sep 09, 2010

Analysis

Slovakia: Local focus for 25 August – 8 September

ING  Eduard Hagara Sep 09, 2010

News

Govt to discuss 2011 draft budget on 22 Sept

Prague Daily Monitor  Sep 09, 2010

News

Hungary’s Budget Gap Widened in August on Revenue Lag

Boomberg  Edith Balazs Sep 08, 2010

News

Hungary GDP levels out in q/q in Q2 - unchanged from 1st reading

Budapest Business Journal  Sep 08, 2010

News

Four members of Monetary Council vote to keep rates on hold on August 23

Budapest Business Journal  Sep 08, 2010

News

Hungary: Minutes of the Monetary Council Meeting of August 23rd 2010

National Bank of Hungary  Sep 08, 2010

News

The Czech National Bank comments on the GDP figures for 2010 Q2

Czech National Bank  Sep 08, 2010

Analysis

Czech Republic Shortnote (CZ): 2Q/10 GDP - a pro-inflationary risk

ERSTE Bank  Martin Lobotka Sep 08, 2010

News

Hungary Short Note, July industry

ERSTE Bank  Sep 08, 2010

News

ČR insists on its rejecting stance towards bank tax in EU

Prague Daily Monitor  Sep 08, 2010

News

Fitch Ratings assigns Czech eurobonds an 'A+' rating

Prague Daily Monitor  Sep 08, 2010

News

Hungary, Gross Domestic Product, Q2 2010

Hungarian Statistical Office  Sep 08, 2010

News

Czech GDP Grows More on ‘Surprising’ Household Demand

Bloomberg BusinessWeek  Peter Laca Sep 08, 2010

Blogs

Guest post: Poland’s economic mad men might be right

Financial Times  Krzysztof Rybinski Sep 07, 2010

News

About one-eighth of Hungarian employers plan layoffs in Q4 2010

Budapest Business Journal  Sep 08, 2010

Analysis

Central European Economy Outlook September 2010

KBC Banking & Insurance  Sep 07, 2010

News

Smer remains most popular party in Slovakia according to poll

The Slovak Spectator  Sep 07, 2010

News

Poland Plans to Sell 10% or More of PGE Power Group Next Year, Grad Says

Bloomberg  Maciej Martewicz Sep 07, 2010

Analysis

Czech Republic: National Accounts - 2nd quarter of 2010

Czech Statistical Office  Sep 08, 2010

Analysis

Poland: On the Eve of the Hiking Cycle

Morgan Stanley  Pasquale Diana Sep 08, 2010

News

Coalition decides to increase VAT to 20 percent

The Slovak Spectator  Sep 07, 2010

Analysis

Hungary: CHF Weighing on Policy

BNP Paribus  Shahin Vallee Sep 03, 2010

News

Hungary, Romania, Serbia Struggling to Find Buyers for Debt

Bloomberg  Gordana Filipovic Sep 07, 2010

Analysis

Czech Republic July 2010: Recovery continues

ERSTE Bank  Sep 07, 2010

Analysis

CEE Equity Monthly: Grasping at any straw

Erste Bank (free registration)  Sep 07, 2010

Analysis

Hugary Macro Monthly, September 2010

Erste Bank (registration may be required)  Sep 06, 2010

Analysis

Czech Republic: July 2010-Recovery continues

ERSTE Bank  Sep 06, 2010

News

Hungary eyes a million new jobs by 2020

EurActiv  Sep 06, 2010

News

National Bank of Slovakia Monthly Bulletin: July 2010

National Bank of Slovakia  Sep 06, 2010

Analysis

Czech Republic: Monetary statistics - Monthly Bulletin

Czech National Bank  Sep 06, 2010

News

Czech Republic Shortnote: July 2010-Recovery continues

ERSTE Bank  Martin Lobotka Sep 06, 2010

<%con_add_topic_html%>