http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-12-14.htmlWe present an updated outlook on the Polish economy, taking into account the most recent economic data. Compared with when we published our last edition the future is now looking even less bright, as the global environment continues to deteriorate. As the year comes to an end and with Q3 GDP data available, we revise our 2011 forecast marginally, to 3.9% y/y. For 2012E, we expect Polish growth of about 2.8% y/y, while we have cut our 2013E forecast to 2.2% y/y. While private consumptionWed, 14 Dec 2011 17:14:33 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-12-14.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-10-26.htmlWe present an updated outlook on the Polish economy, taking into account the key economic releases in 2011. Overall the picture is looking considerably less bright than at the start of the year. We now expect growth to have slowed from 2010 and to average just below 3.7% y/y this year and to slow further – averaging below 3% y/y next year – before gradually beginning a reacceleration in 2013, with growth climbing back toward 3%. While both private consumption growth as well as investmentWed, 26 Oct 2011 12:15:47 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-10-26.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-10-13.htmlWe present an updated outlook on the Estonian economy, taking into account the latest economic releases for August and September and the quarterly national accounts data revision effect. Due to changes in methodology, growth in Q1 was revised significantly to 9.5%, up from 8.5%. Q2 posted another strong 8.4% y/y, based on very strong export growth (32% y/y). GDP growth this year is expected to be higher than our previous  forecast. We have increased our growth forecast substantially toThu, 13 Oct 2011 12:10:05 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-10-13.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-08-05.htmlWe present our updated outlook on the Hungarian economy, taking into account the latest economic releases in 2011. We have revised down our growth forecast for 2011 but have made upward revision to our 2012 estimate. We now estimate that the Hungarian economy will grow 2.3% y/y in 2011 (from a previous 3.1% y/y) and 3.9% y/y in 2012 (from a previous 2.8% y/y). Both private consumption and capital formation in Hungary remain rather sluggish, but we are seeing signs of improvement in both areas.Fri, 05 Aug 2011 08:37:52 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-08-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-07-27.htmlThe Brazilian economy continues to grow robustly, driven in particular by strong domestic demand, although growth moderated in the first half of 2011, following the 7.5% expansion achieved in 2010. This moderation is welcomed as it has worked to limit some of the signs of overheating in the Brazilian economy, as can be observed in consumer credit and bank lending numbers. A ‘soft landing’ in growth is still our main scenario and GDP growth should, in our view, continue to be relatively strongWed, 27 Jul 2011 12:25:46 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-07-27.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-07-20.htmlWe present an updated outlook on the Turkish economy, taking into account the latest economic releases for Q1 in 2011. In Q1 2011, the Turkish economy expanded at 11% y/y, up from 9.2% y/y in Q4 10 – an impressive rate that represented the top of the emerging markets’ universe in the first quarter. While signs of slowing industrial production and the global soft patch are pointing to a moderation in growth, we see Turkish growth remaining rather robust for the rest of 2011, beforeWed, 20 Jul 2011 12:10:29 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-07-20.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-07-07.htmlOn the following pages, we present an updated outlook for the Latvian economy, taking into account the latest economic releases for May and June. Latvian GDP disappointed in Q1 11 – growth decelerated to 3.5% y/y, down slightly from 3.6% y/y in Q4 10. Latvia's growth has become a bit more balanced, but still fragile. Consumer spending growth remained weak, and the investment recovery was mostly due to the low base effect. The fiscal consolidation policy has had a dampening effect on theThu, 07 Jul 2011 17:03:20 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-07-07.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-07-05.htmlIn the following, we present an updated outlook for the Lithuanian economy, given the latest economic releases for May and June. In the first quarter of this year, Lithuania demonstrated an impressive recovery: GDP growth accelerated to 6.9% y/y in Q1 11, up from 4.8% y/y in Q4 10. In Q4, the Lithuanian economy was supported by a more notable recovery in domestic demand: final consumption expenditure grew by 4.5% y/y and fixed investment by 41% y/y. The recovery in private consumption isTue, 05 Jul 2011 12:16:23 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-07-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-06-21.htmlWe present an updated outlook on the Estonian economy, taking into account the latest economic releases for May and June. The Estonian recovery accelerated further: according to revised data GDP increased by a strong 8.5% y/y in Q1 11 compared with 6.7% y/y in Q4 10. The growth of domestic demand accelerated to 13% y/y in Q1 11, primarily due to the increase of inventories. However, solid export growth remains an important driver of growth. In Q1 11, both export and import of goods andTue, 21 Jun 2011 12:21:41 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-06-21.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-04-04.v02.htmlWe present an updated outlook on the South African economy taking into account the latest economic releases. The South African economy has been recovering at a fairly modest pace over the first three quarters last year. However, the recovery gained more pace in the final quarter when the economy advanced 3.8% y/y – and on a seasonally-adjusted and annualised basis 4.4% – boosted mainly by mining and agricultural sectors, with domestic consumption as well as investments picking up on recovery.Mon, 04 Apr 2011 14:52:50 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-04-04.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-03-31.htmlWe present an updated outlook for the Czech economy for 2011, 2012 and 2013. Czech economic activity continued to pick up over the last year, but the recovery has been losing some momentum, especially in the last quarter when the economy only expanded by 2.6% y/y and 0.3% on a quarterly basis. This was mainly due to weaker than expected development in all domestic demand components, as well as fixed investment and inventories. Looking ahead, we are not overly optimistic about the outlook forThu, 31 Mar 2011 12:06:17 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-03-31.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-01-07.htmlWe present an updated outlook on the Turkish economy taking into account the latest economic releases for Q4 in 2010. The Turkish economy has experienced quite a dramatic rebound in economic growth. In Q2 10 the economy expanded 10.3% y/y – an impressive rate that represents the top of the emerging market universe. However, with the base effect fading, the growth rate moderated to 5.5% y/y in Q3. With this drop we also moderate our 2010 estimate from 9.4% to 8.5% and lower our 2011 growthFri, 07 Jan 2011 18:28:48 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-01-07.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-01-06.htmlIn the following we present an updated outlook on the Lithuanian economy given the latest economic releases for October and November. Lithuanian quarterly national accounts data is characterised by a significant correction, which reduces the reliability of our model forecast. After the revision of Q3 data the GDP growth rate rose from 0.6% to 1.1% y/y. Third quarter development has started to show recovery in domestic demand. Particularly significant were changes in fixed investment spending,Thu, 06 Jan 2011 14:32:54 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-01-06.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-01-05.v02.htmlOn the following pages we present an updated outlook on the Latvian economy taking into account the latest economic releases for October and November. The Latvian economy has started to show strong growth. In Q3 economic growth rose to 2.9% y/y, significantly up from a decline by 2.1% y/y in Q2. The faster-thanexpected rebound was driven not only by high export growth, but also by significant improvement in domestic demand. The positive growth was reflected in private consumption expenditureWed, 05 Jan 2011 16:07:31 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-01-05.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-01-05.htmlWe present an updated outlook on the Estonian economy, taking into account the latest economic releases for October and November The Estonian recovery has picked up pace: in Q3 economic growth rose to 5.0% y/y from 3.1% y/y in Q2. This was significantly stronger than we had expected The upside surprise in growth was mainly due to robust inventories and strong export growth The rapidly recovering Nordic countries and Russia are having a significant positive impact on Estonian export dynamicsWed, 05 Jan 2011 13:03:11 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2011-01-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-12-16.v02.htmlThe Brazilian economy continues to grow strongly, driven by especially strong domestic demand – although growth has moderated toward year-end 2010 and is set to further moderate in 2011. This should be welcomed as there are now some signs of overheating in the Brazilian economy, as seen in growth in consumer credit and bank lending numbers. A ‘soft landing’ in growth is, however, our main scenario and GDP growth should continue to be relatively strong in 2011-12 – we forecast 8.0%, 5.7% andThu, 16 Dec 2010 16:49:05 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-12-16.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-12-16.htmlWe present an updated outlook for the Czech economy for 2010, 2011 and 2012. The Czech economy continues to recover. The release of the latest national account data showed further improvement in economic activity in the third quarter with GDP accelerating 2.8% y/y, up from the downwardly revised 2.3% y/y in Q2. The breakdown of the Q3 GDP number showed that growth was driven primarily by gross capital formation where fixed investments were pulled by one-off investments in photovoltaics (solarThu, 16 Dec 2010 14:49:38 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-12-16.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-12-15.htmlWe present our updated outlook on the Hungarian economy, taking into account the latest economic releases for October and November. We have revised up our growth forecast for 2010 and 2011. We now expect the Hungarian economy to grow 1.1% y/y in 2010 (from a previous 0.3% y/y) and to grow 3.1% y/y in 2011 (from a previous 2.1% y/y). The upward revision reflects the positive Q3 GDP numbers, where especially private consumption surprised on the upside. We now expect private consumption toWed, 15 Dec 2010 15:16:39 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-12-15.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-12-01.htmlWe present an updated outlook on the Polish economy taking into account the latest economic releases for October and November. The Polish economy continues to show strong growth. In Q3 economic growth rose to 4.2% y/y from 3.5% y/y in Q2. This was significantly stronger than we had expected and we have therefore revised up our GDP forecast for this year and next. We now expect Polish GDP to grow 4.0% y/y (previous forecast 3.1% y/y) this year and 4.8% y/y (previous forecast 4.6% y/y) nextWed, 01 Dec 2010 14:39:04 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-12-01.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-11-23.htmlWe present an updated outlook for the Russian economy, taking into account the latest economic releases for September and October. The Russian economy recovered strongly in the first half of this year and economic growth is approaching rates that are comparable to trend growth. We now forecast Russian GDP growth of 4.1% y/y this year and 4.7% in 2011. Looking ahead, investment will have to increase if the Russian economy is to continue to grow, but we do not see significant further upside inTue, 23 Nov 2010 10:54:54 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-11-23.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-11-09.htmlOn the following pages we present an updated outlook on the Latvian economy taking into account the latest economic releases for August and September. The Latvian economy, which was hardest hit by the global credit crisis, has gradually moved upward. Our forecasts have been revised up, reflecting a significant improvement in export performance. We now forecast the Latvian economy to contract 2.1% y/y this year and to grow 1.9% y/y next year. Industrial production expanded by 19.4% y/y in Q3Tue, 09 Nov 2010 12:37:38 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-11-09.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-11-05.htmlHere we present an updated outlook on the Lithuanian economy given the latest economic releases for August and September. Lithuania's economy appears to be recovering relatively rapidly after the crisis. Nonetheless, the Q3 10 GDP results indicate that the recovery is losing momentum. According to preliminary estimates, only industrial and service enterprises increased their outcome while construction, agricultural and retail sectors declined further in Q3 10. We expected relatively strongFri, 05 Nov 2010 12:08:11 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-11-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-10-08.htmlWe present an updated outlook on the South African economy taking into account the latest economic releases for July and August. The South African economy began to stabilise towards the end of 2009 and recover going into 2010. The economy advanced by 1.6% y/y in Q1 10 and by 3.0% y/y in Q2 10. Given our expectation of a faster recovery in private consumption and investments, we have slightly raised our growth outlook for this year. We now expect the South African economy to expand at anFri, 08 Oct 2010 08:48:31 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-10-08.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-24.v03.htmlWe present an updated outlook on the Turkish economy taking into account the latest economic releases for July and August. The Turkish economy has experienced a quite dramatic rebound in economic growth. The strong recovery continued in Q2 10 when the economy expanded 10.3% y/y. Consequently we have revised upwards our forecast on Turkish growth for this year. Going forward we expect Turkey to lead the region in terms of economic growth, albeit at a more modest pace. We forecast TurkishFri, 24 Sep 2010 19:06:28 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-24.v03.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-24.v02.htmlWe present an updated outlook for the Czech economy for 2010, 2011 and 2012. Following the stabilisation at the end of last year, the Czech economy began to recover well going into this year. The national account numbers showed better-thanexpected growth of 1.0% y/y and 2.4% y/y in Q1 and Q2, respectively. As a result of stronger growth – particularly in Q2 when private consumption surprised positively – we have revised up our GDP forecast for this year. Even though we expect there to haveFri, 24 Sep 2010 19:04:29 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-24.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-24.htmlHere we present an updated outlook on the Hungarian economy, taking into account the latest economic releases for July and August. We have revised up our growth forecast for 2010. We now expect the Hungarian economy to grow 0.3% y/y (from previous -1.9% y/y). However, for 2011 we have revised our growth forecast significantly down. We now forecast the Hungarian economy will grow 2.1% y/y (from previous 3.0% y/y). In general, we are now more pessimistic on the recovery outlook for the HungarianFri, 24 Sep 2010 18:11:20 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-24.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-13.htmlThe Brazilian economy continues to grow strongly driven by especially strong domestic demand. However, we expect to see some moderation in growth going into 2011-12. This should be welcomed as there are now some signs of overheating in the Brazilian economy. A „soft landing‟ in growth is however our main scenario and GDP growth should continue to be relatively strong in 2011-12 – we forecast 7.2%, 5.3% and 4.6% in 2010, 2011 and 2012, respectively. Private consumption continues to grow veryMon, 13 Sep 2010 12:35:47 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-13.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-03.htmlWe present an updated outlook on the Polish economy taking into account the latest economic releases for July and August. The outlook for the Polish economy continues to look bright. Taking into account the data on Q2 GDP growth, we have revised our growth forecasts up for this year and next on the back of a more promising outlook for investments and exports. We now expect the Polish economy to grow 3.1% y/y in 2010 and 4.6% y/y in 2011. Polish external balances have improved markedly.Fri, 03 Sep 2010 12:10:57 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-09-03.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-08-05.htmlOn the following pages we present an updated outlook on the Latvian economy taking into account the latest economic releases for May and June. The Latvian economy, which was hurt by the global credit crisis, has moved up in Q1 10 compared to Q4 09. We have revised our forecasts slightly up, which reflects a gradual improvement in export performance. We now forecast the Latvian economy to contract 3.5% y/y this year and to grow 1.5% y/y next year. The biggest challenge for Latvia's economy inThu, 05 Aug 2010 12:03:29 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-08-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-07-29.htmlIn the following we present an updated outlook on the Lithuanian economy given the latest economic releases for May and June. The Lithuanian economy has begun to grow following the sharp economic downturn. We had expected the economy to pick up further in the second half of this year and GDP for the whole year to rise to 1.2% y/y and grow by up to 3.6% y/y in 2011. The latest GDP data confirms that the relatively strong growth is based on the recovery in export-related activities, whileThu, 29 Jul 2010 12:10:39 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-07-29.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-07-21.htmlOn the following pages we present an updated outlook on the Estonian economy taking into account the latest economic releases for May and June. The Estonian economy was one of the most affected within the Euro area by the global credit crunch but is now recovering quite rapidly, particularly in the export area. The good performance of Estonian industrial production was largely the result of a positive base effect. However, it is clear that other positive factors such as rising external demandWed, 21 Jul 2010 17:16:41 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-07-21.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-06-25.v02.htmlOn the following pages we present an updated outlook on the Hungarian economy taking into account the latest economic releases for April and May. We have revised our growth forecasts for the Hungarian economy slightly down, which reflects the Hungarian economy’s increased turbulence. The risk to our forecasts continues to be on the downside and we now forecast the Hungarian economy to contract 1.9% y/y this year and to grow 3.0% y/y next year. Hungarian labour market conditions are not helpedFri, 25 Jun 2010 12:44:07 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-06-25.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-06-25.htmlWe present an updated outlook for the Czech economy for 2010, 2011 and 2012. Following the stabilisation at the end of last year, the Czech economy has begun to recover going into Q1 this year. The national account numbers showed growth of 1.1% y/y and growth of 0.5% on a quarterly basis. Despite the fairly decent growth in Q1 we expect the “double dip” scenario to emerge and economic growth to slow down going into Q2 and Q3 before showing more pronounced growth in Q4. More precisely, we expectFri, 25 Jun 2010 12:40:59 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-06-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-06-25.v03.htmlWe present an updated outlook on the Polish economy taking into account the latest economic releases for April and May. The outlook for the Polish economy continues to look bright. Taking into account the data on Q1 GDP growth, we have revised our growth forecasts up for this year and next year on the back of a more promising outlook for private consumption. We now expect the Polish economy to grow 3.0% y/y in 2010 and further to grow 4.0% y/y in 2011. The outlook for Polish labour marketFri, 25 Jun 2010 12:46:15 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-06-25.v03.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-05-28.htmlThe World Cup should give us something to cheer about In a period where investor sentiment is almost as negative as in the days and weeks after the collapse of Lehman Brothers and the news flow is dominated by stories of European sovereign default risk, we are all looking for a much-needed uplift. We therefore hope that the upcoming football World Cup finals in South Africa will give us something to cheer about – not only on the football field, but also in the financial markets. In this noteFri, 28 May 2010 08:54:02 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-05-28.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-04-15.htmlOn the following pages we present an updated outlook on the Hungarian economy taking into account the latest economic releases for February and March. The Hungarian economy has moved up over the past couple of quarters. However, private consumption and investment remain quite lacklustre, limiting a swift recovery. We do not expect positive year-on-year growth rates before Q4 10 at the earliest. We have revised our forecasts for the Hungarian economy down slightly to -1.8% y/y in 2010 and 3.1%Thu, 15 Apr 2010 09:32:02 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-04-15.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-03-25.v02.htmlWe present an updated outlook on the Czech economy for 2010, 2011 and 2012. After the sharp economic downturn, especially in the first two quarters of last year, the Czech economy began to stabilise at the end of 2009. Looking ahead, we remain rather conservative on the prospects of economic recovery this year and we expect the Czech economy to stagnate and more precisely, to contract on average by 0.1% y/y in 2010. The main culprit is the continued weakness in private consumption, althoughThu, 25 Mar 2010 12:14:10 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-03-25.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-03-25.htmlWe present an updated outlook on the Polish economy taking into account the latest economic releases for January and February. The outlook for the Polish economy continues to be positive, but we have revised our forecast for economic growth this year and the next year slightly down on the back of a weaker outlook for private consumption. We expect Polish economic growth to increase slightly to 2.0% y/y in 2010 and further to 3.9% y/y in 2011. Also positive for the Polish economy is the factThu, 25 Mar 2010 12:11:41 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-03-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-01-06.html• On the following pages we present an updated outlook on the Polish economy taking into account the latest economic releases for November and December. • The outlook for the Polish economy continues to look positive. We have revised our forecast for economic growth up slightly on the back of an improved outlook for investments. We now expect Polish economic growth of 2.1% y/y in 2010 and 4.6% y/y in 2011. • Also positive for the Polish economy is the fact that inflation has ticked down overWed, 06 Jan 2010 16:13:41 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-01-06.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-01-05.htmlOn the following pages we present an updated outlook on the Turkish economy, taking into account the latest economic releases for November and December. Turkish economic recovery is well under way. Economic activity has risen sharply in the past couple of quarters and we expect positive y/y GDP growth rates in Q1 10. Overall, we expect positive growth of about 2.4% y/y in 2010E and a further rise in economic growth to 4.1% y/y in 2011E. Inflation has moved up sharply in the past few months –Tue, 05 Jan 2010 13:58:36 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/macro-monitor/2010-01-05.html