The Turkish lira has been one of the worst performing currencies this month and this probably sets the scene for next year. This is a key reason why we think that the central bank will hike interest rates. Elsewhere, Poland’s energy regulator started to approve energy tariff hikes for utility companies next year, which is likely to cause inflation to jump to 3.7% y/y in January, preventing monetary easing. Finally, we set out three key stories that are likely to play out in the region in 2020 – GDP growth is likely to disappoint, monetary policy will remain loose and currencies will come under pressure.
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