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Sovereign Analysis / Ukraine

Ukraine: Another IMF review, another delay

IMF review schedule now delayed as government's commitment to reform is called into question. Key areas of focus are central bank independence, anti-corruption framework, corporate governance and 2021 budget. Not clear when review will be completed,...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 21 October 2020
Ukraine: Another IMF review, another delay – notes from virtual meetings
Ukraine: Another IMF review, another delay – notes from virtual meetings
Macro Analysis / Poland

Polish retail sales rebound is starting to slow

The rebound in Polish retail sales, which started in the second quarter, is slowing down. September was the first month since April when the share of online sales increased (to 6.8% compared to 6.1% in August). The highest monthly growth was recorded...
ING Think
ING Think 21 October 2020
Polish retail sales rebound is starting to slow
Polish retail sales rebound is starting to slow
Macro Analysis / Poland

Polish production remains strong before second wave

Industrial production in September increased by 5.9% year-on-year vs. 1.5% YoY in August. Manufacturing, the most export-oriented section of the Polish economy, accelerated strongly, to 7.2% YoY in September from 2.0% YoY in August, and the accelerat...
ING Think
ING Think 21 October 2020
Polish production remains strong before second wave
Polish production remains strong before second wave
Macro Analysis / Russia

Russia 9M 20 macro stats: Sliding deeper instead of rebounding

The weakness in retail and production patterns, which disappointed in August, intensified in September. Retail trade shrunk 3.0% y/y; manufacturing output started to contract again in September. Monetary or fiscal support unlikely to come in 4Q20.
Alfa Natalia Orlova
Natalia Orlova @ Alfa 21 October 2020
Macro Analysis / Global

Europe Needs to Maintain Strong Policy Support to Sustain the Recovery

The pandemic is exacting a heavy toll on Europe. A large share of the fiscal packages was used for job retention programs and liquidity support for firms. Policymakers need to do whatever it takes to contain the pandemic and its economic damage, and...
International Monetary Fund
IMF Blog 21 October 2020
Macro Analysis / United Kingdom

Bank of England stimulus likely despite higher inflation

UK inflation rebounded in September, continuing what has been a fairly volatile few months in the wake of the pandemic. But economic policy aside, there is still a question of whether this crisis is likely to prove inflationary or not. In some very s...
ING Think
ING Think 21 October 2020
Bank of England stimulus likely despite higher inflation
Bank of England stimulus likely despite higher inflation