Tomas Dvorak

Recent Posts

Consumer spending took over as the driver of recovery in Q2. We expect similar gains in Q3, leaving spending 3% below pre-pandemic levels....

Our Recovery Tracker recorded a second consecutive mild contraction in the week ending July 25, falling 0.3pts to 85. This suggests momentum may...

Elevated inflation is giving policymakers in Central and Eastern Europe headaches. Two of the regions’ outperformers, Poland and Hungary, are...

Our baseline forecast sees a strong rebound in eurozone economic activity as vaccinations bring the pandemic under control, but this shouldn’t...

The EU’s vaccine rollout will continue picking up steam in coming months after a lacklustre performance in Q1. Supply constraints have now been...

According to our analysis, eurozone consumers are raring to get spending as soon as restrictions are eased. Our modelling, based on a range of...

Once the pandemic is controlled via vaccination programmes, allowing the current restrictions to be relaxed, we expect consumers will respond with...