Hot summer ahead

Just like last year, this MACROscope is a bimonthly issue. Actually, we do not delude ourselves that the summer season will be peaceful for financial markets. Quite the opposite, the summer is going to be rather hot and high volatility will surely continue. We can expect major developments both at home and abroad (let’s take the Polish budget deficit planning or publication of the European bank stress-tests results) that will be touched upon in the September issue of our report. Then, once 2Q 2010 GDP figure is released, we would decide to what extent (if any) to revise the forecasts for the rest of the year. Those interested in our economic and market comments are invited to read our weekly and daily reports. more »