Strengthening Eastern Europe boosted by dovish eurozone

clock • 3 min read

The latest PMI manufacturing figures from the eurozone were surprisingly weak. It is difficult to say for certain why they were so disappointing, but it was probably due to a combination of idiosyncratic regional issues such as Brexit and more general concerns over global growth. Whatever the reason, the impact is that the European Central Bank (ECB) will not be hiking rates any time soon. This is good news for investors in Central and Eastern Europe (CEE), where growth has been stronger t...

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