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Nov 14, 2014
Central Europe posts solid growth figures in 3rd quarter - KBC
FXStreet (Barcelona) - The KBC Research Team view markets reaction to the outcome of today's preliminary GDP releases as mixed.
Key Quotes
"As concerns the Czech GDP, it increased by 0.3% quarter-on-quarter."
"Regarding Hungarian economy it grew by 3.2% Y/Y in 3Q15, exceeding the market consensus of 2.9% Y/Y."
"The best GDP figure has come from Poland this morning. GDP growth in the third quarter remained – according to the first estimates – surprisingly robust as it remained well above 3% (more precisely, GDP grew by 3.3% Y/Y vs. market expectations of 2.7% Y/Y). Moreover, growth in quarter-on-quarter terms accelerated quite significantly (0.9% vs. 0.7% in 2014Q2)."
"From the perspective of NBP future policy steps, we think that unexpectedly strong GDP in the third quarter more than offset weaker inflation"
Key Quotes
"As concerns the Czech GDP, it increased by 0.3% quarter-on-quarter."
"Regarding Hungarian economy it grew by 3.2% Y/Y in 3Q15, exceeding the market consensus of 2.9% Y/Y."
"The best GDP figure has come from Poland this morning. GDP growth in the third quarter remained – according to the first estimates – surprisingly robust as it remained well above 3% (more precisely, GDP grew by 3.3% Y/Y vs. market expectations of 2.7% Y/Y). Moreover, growth in quarter-on-quarter terms accelerated quite significantly (0.9% vs. 0.7% in 2014Q2)."
"From the perspective of NBP future policy steps, we think that unexpectedly strong GDP in the third quarter more than offset weaker inflation"