Key Events In EMEA For Week Of May 16

Person Holding Blue and Clear Ballpoint Pen

 Image Source: Pexels

Preliminary GDP readings in Poland, Hungary, and Romania are the key figures to look out for next week.

Hungary: Upside GDP surprise expected following the pre-election spending spree

In Hungary, the main calendar event of the next week is the release of the first-quarter GDP data. As this is only a flash estimate, we hardly get any information about the growth structure. But we are expecting a major upside surprise in economic activity, taking into consideration the first quarter output of the industry, retail, and construction sectors. With massive quarter-on-quarter performances in these areas, we are looking for an acceleration in GDP growth. This great outcome can be seen as a temporary phenomenon, as the pre-election spending spree of the government gave a boost to the real disposable income of households alongside the roughly 20% minimum wage increase.

EMEA Economic Calendar

Image Source: Refinitiv, ING, *GMT

Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.