CEEMEA Economics Week Ahead: 29 June – 3 July

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CEEMEA Economics Week Ahead: 29 June – 3 July

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25 Jun 2026 02:00:00 ET │ 9 pages

CEEMEA Economics Week Ahead

29 June – 3 July

CITI'S TAKE

CEEMEA Economics Team

The Week Ahead presents our forecast for CEEMEA’s economic data due to

be released in the upcoming week. Gina Schoeman AC

+27-11-944-0813

Czechia — We expect the final estimate of GDP for Q1 2026 to confirm a marked gina.schoeman@citi.com

slowdown in Czech economic growth to 0.2% QoQ and 2.2% YoY, with the annual AC David Cowan

growth rate having been revised slightly higher compared to the preliminary

+44-20-7986-3285estimate. The composition of growth is unlikely to change materially and should

continue to confirm that resilient domestic demand, particularly household david.cowan@citi.com

ACconsumption and investment activity, remains the main driver of the Czech Ilker Domac

economy, while net exports continue to weigh on overall growth. +971-4509-9588

Kazakhstan — According to our forecast, Kazakhstan’s headline inflation edged up ilker.domac@citi.com

to 10.8% YoY in June from 10.4% YoY in May, marking the first interruption of the AC Gultekin Isiklar

disinflationary trend that has been in place since September last year. The expected

+90-212-319-4915acceleration primarily reflects persistent domestic price pressures, elevated

producer price inflation, and the continued pass-through of higher energy prices gultekin.isiklar@citi.com

ACand regulated utility tariffs into consumer prices, as well as still-robust wage growth Piotr Kalisz, CFA

and domestic demand. Additional upward pressure on inflation may also have come +48-22-692-9633

from a weaker tenge, which has increased the cost of imported goods.

piotr.kalisz@citi.com

Poland — We see inflation falling below 3% in June to 2.7% YoY vs.