Bi-Weekly Report 8 – 21 September 2020

ROMANIA

GDP falls by a record 10.5% y-o-y in Q2:20, due to COVID-19

A modest (but still risky in terms of sustainability) fiscal impulse should help stimulate the recovery in H2:20

 

BULGARIA

GDP falls abruptly by 8.7% y-o-y in Q2:20, as the pandemic impact hits hard

A significant fiscal impulse should sustain the recovery in H2:20, despite strong headwinds

 

SERBIA 

Serbia and Kosovo sign landmark economic agreement

A bold policy response to the COVID-19 shock contained GDP contraction to 6.4% y-o-y in Q2:20

A second COVID-19 wave, along with limited room for further policy stimulus, pose significant challenges in the period ahead

 

APPENDIX: FINANCIAL MARKETS

Bi-Weekly Report 8 – 21 September 2020
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