The recovery in Emerging Europe remains broadly on track. GDP growth rates are likely to prove solid, if not spectacular, in a number of countries over the coming years with Turkey, Poland and, in the near term at least, Russia leading the way. Nonetheless, while prospects are picking up, new challenges are coming to the fore and growth is likely to fade in the second half of this year. So while some Central Banks will deliver further interest rate hikes in the near term, on the whole, the pace of tightening will be slower than the market is pricing in.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services