http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-10-23.htmlCzech Republic The fall in industrial output is starting to decelerate due to the one-off impact of the bonus for scrapping cars put in place in Germany. Given low domestic demand, the wave of price reductions is likely to persist and be yet another contributor to the favourable inflation outlook for next year. Hence, the central bank has several more arguments at hand for cutting its base rate. Hungary The country has become an exporter of capital as the C/A balance swung into surplus andFri, 23 Oct 2009 08:59:05 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-10-23.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-08-06.htmlCzech Republic Signs of stabilisation and a very modest rise in output are unlikely to occur before the last quarter of this year. Rather than a strong fundamental reversal, this will be primarily a consequence of the low comparative baseline of late 2008. The economic recovery will thus be very slow and vulnerable. Basically, this recovery, as well as the current recession, will depend on foreign markets. Next year should see just a moderate rise, which will, however, not be strong enough toThu, 06 Aug 2009 09:36:30 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-08-06.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-06-10.htmlCzech Republic The Czech economy officially slid into recession due to a considerable drop of foreign demand. The double-digit fall of new industrial orders implies large cuts in production and employment. Low inflation and recession fears move the Czech National Bank to consider interest rate cuts. Hungary The new austerity package may dent into domestic consumption in the 3rd quarter, while March industrial production and export data suggest that export-driven industry may have bottomed out.Wed, 10 Jun 2009 11:03:51 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-06-10.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-03-25.html• Czech Republic The Czech economy is in recession, a situation caused primarily by falling demand in Western Europe. The recession has been accompanied by very low inflation, which has created scope for interest rates to remain at low levels or even to be cut further. • Hungary If the global growth cycle bottoms out in the next 3-6 months, Hungary may also slowly recover later this year. So far, however, falling domestic consumption and investments should have a significant effect on importWed, 25 Mar 2009 10:29:21 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-03-25.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-01-21.html• Czech Republic Deteriorating domestic macro-outlook and gloomy regional perspectives weigh down on the koruna. The Czech currency broke through key levels around 27.40 EUR/CZK and remains vulnerable to further short term losses. Nevertheless the CNB is not bothered by weak domestic currency as Czech foreign debt is very low and denominated mostly in the korunas. • Hungary After the IMF head gave a relatively positive assessment of the developments by saying that they are ‘rather satisfied’.Wed, 21 Jan 2009 09:26:44 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2009-01-21.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2008-12-18.html• Czech Republic The Czech economy slows down as the foreign demand freezes. Inflation falls due to cheap oil and food prices. Another rate cut is in the pipeline. Growing unemployment increases uncertainty and limits the consumer confidence and consumption. Cheaper oil will improve the trade balance rapidly. • Hungary MNB surprised markets twice as it reduced its base rate by double 50 bps cuts in just fourteen days. Nevertheless real yields are still very wide on the Hungarian market asThu, 18 Dec 2008 11:26:20 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2008-12-18.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2008-11-04.html• Czech Republic The Czech economy is starting to slow down significantly, and this trend will also persist in the months to come. Even so, after the significant slowdown later this year and in the first half of next year, towards the end 2009, we expect a moderate acceleration of economic growth. An extraordinary stimulus, which might offset some of the drop in output of existing enterprises, should be the launch of Hyundai’s new factory. • Hungary The IMF announced an €20bn rescue packageTue, 04 Nov 2008 11:37:40 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2008-11-04.htmlhttp://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2008-04-07.htmlCzech Republic Inflation peaked at the beginning of this year and is set to gradually decrease in next months. We expect inflation to return inside the central bank’s target band early in 2009. Most CNB Board members voted for leaving rates unchanged. The crown remains strong and tightens monetary conditions in the economy. Hungary We see the minority government as a fairly positive development in Hungary as it decreases the risk of a pre-election spree, which was the main risk for 2009-2010.Mon, 07 Apr 2008 14:04:15 GMThttp://www.fxstreet.com/fundamental/market-view/piet.lammens@kbc.be (KBC Bank)http://www.fxstreet.com/fundamental/market-view/central-european-economic-outlook/2008-04-07.html