What can we expect from CEE4’s recent data?

We do not have yet the details regarding GDP components but looking at hard data gives us some insights. In Czech, for instance, we assume that the main driver of growth in Q4 has been private consumption as retail sales, industrial production and services remained positive while the manufacturing sector shrank. Similarly, in Poland, while industrial production and retail sales were strong on the last quarter of 2019, construction sector collapsed. 

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