The Q3 GDP data out of Central Europe this week continued a bleak run of activity data for the region, with Hungary’s economy significantly underperforming expectations. The risks to our GDP growth forecasts there have shifted to the downside. Meanwhile, the US election next week could have pivotal implications for the war in Ukraine – a Trump victory could result in a reduced flow of financial assistance to Ukraine and a US push for a negotiated end to the war.
All our analysis on the implications of the US election for emerging markets can be found on our dedicated webpage.
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