Strong domestic demand likely to have driven Hungarian and Polish economic growth in Q1

Hungarian first quarter economic growth data is set to be released this week. According to a KBC Market Research report, the Hungarian economic growth is expected to have been mainly driven by domestic demand.

Meanwhile, Polish economy is also expected to have grown strongly in the first quarter of 2018. On a year-on-year basis, the GDP is likely to have grown close to 5 percent again, underpinned by very robust domestic demand, stated KBC Market Research. On the other hand, the National Bank of Poland is set to meet this week for its policy rate decision. The central bank is expected to keep its policy on hold; however, it would be interesting how the latest GDP and inflation data would be treated.

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