Eurozone consumer spending was poised to drive growth in 2022, but increasingly consumers' underpinnings have become shaky. While we still expect a...
Tomas Dvorak
Recent Posts
Europe | Key Themes 2022: CEE is in for an eventful year
Posted by Tomas Dvorak on Jan 20, 2022
After emerging as an outperformer in early 2021, the Central and Eastern European region is set to face an eventful year in 2022. This year should...
Eurozone | Recovery Tracker slows down further over Christmas
Posted by Tomas Dvorak on Jan 12, 2022
Our eurozone Recovery Tracker saw further deterioration over the Christmas period, falling 1.5pts to 79.1 in the three weeks ended December 26....
Eurozone | Recovery Tracker continues its downward trajectory
Posted by Tomas Dvorak on Dec 22, 2021
Our Recovery Tracker continued its downward trajectory in early December as the resurgent pandemic, reimposed restrictions, and voluntary social...
Europe | Inflation risks pose conundrum for the CEE
Posted by Tomas Dvorak on Dec 16, 2021
Inflationary pressures have strengthened and broadened in Central and Eastern Europe recently, prompting a hawkish turn by the region’s central...
Eurozone | Inflation hits all consumers – just not evenly
Posted by Tomas Dvorak on Nov 10, 2021
Eurozone headline inflation has risen substantially, with underlying pressures becoming more broad-based. But we think the impact on consumer...
Eurozone | Recovery Tracker slows to a crawl heading into winter
Posted by Tomas Dvorak on Nov 9, 2021
Our eurozone Recovery Tracker recorded a small increase over the two weeks ended October 24, rising 0.3pts to 88.0, just shy of its post-pandemic...
Europe | Rebound in tourism aids the economic recovery
Posted by Tomas Dvorak on Oct 29, 2021
Europe’s tourism sector made solid strides towards recovery this summer. In July, overnight stays reached just above 70% of 2019 levels, on track to...
Eurozone | Consumption to drive the recovery, but winter risks loom
Posted by Tomas Dvorak on Oct 12, 2021
Consumer spending took over as the driver of recovery in Q2. We expect similar gains in Q3, leaving spending 3% below pre-pandemic levels. However,...
Eurozone | Recovery Tracker shows momentum stalling, not reversing
Posted by Tomas Dvorak on Aug 12, 2021
Our Recovery Tracker recorded a second consecutive mild contraction in the week ending July 25, falling 0.3pts to 85. This suggests momentum may be...