Report

Moody’s sees private consumption favoring modest economic growth in 2020

- Remittances will help the domestic market
- But sees the labor market slowing behind manufacturing and tourism
- And credit availability remaining weak, hindering a potential acceleration
- Moody's sees 2020 growth at 1.0%, 2021 at 2.1%, in line with the market consensus
- We insist 2020 economic outlook remains rather adverse, forecasts likely to slide, in our view
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CEEMarketWatch
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