Concerns have grown over the past week about the spread of the Delta variant of COVID-19 but high vaccine coverage across much of the region has reduced the risk that policymakers will be forced to reimpose harsh restrictions on activity. Meanwhile, Hungary’s latest spat with the European Commission over the rule of law raises the possibility of delays to EU fund inflows. Finally, Ukraine's central bank delivered a surprise rate hike this week and its communications signalled that further monetary tightening lies in store.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services