Emerging Europe Chart Pack Falls in CEE interest rate expectations look overdone Investors generally revised down their interest rate expectations across Central and Eastern Europe (CEE) over the past month, partly reflecting weaker-than-expected inflation prints and more dovish... 28th June 2023 · 11 mins read
Emerging Europe Chart Pack Current account positions improve, but risks remain There has been further evidence over the past month that resilient export growth, weak domestic demand and lower energy prices have helped to improve current account positions across Central and... 31st May 2023 · 15 mins read
Emerging Europe Chart Pack Inflation past the peak, but big challenges lie ahead Inflation has finally turned a corner. Headline inflation rates fell in March in all 14 economies that we cover, the first synchronised drop in more than a decade. This partly reflects base effects... 26th April 2023 · 15 mins read
Emerging Europe Chart Pack Global bank turmoil another headwind to Em Europe The turmoil in the global banking sector has not spread to Emerging Europe, but the focus is back on the health of the region’s banks given the not-so-distant memory of the 2008/09 banking crises that... 23rd March 2023 · 11 mins read
Emerging Europe Chart Pack One year into the war in Ukraine The first year of the war in Ukraine has had an enormous impact on the country’s economy and left it highly dependent on financing from allies. Russia’s economy has contracted too, but it weathered... 22nd February 2023 · 15 mins read
Emerging Europe Chart Pack Growth outlook brightens, but tough times still ahead The growth outlook for 2023 across Central and Eastern Europe has brightened a bit over the past month. Wholesale European natural gas prices have continued to fall sharply and survey measures of... 26th January 2023 · 14 mins read
Emerging Europe Chart Pack CEE central banks still a long way from turning to cuts Central banks across Central and Eastern Europe have left interest rates on hold over the past month or so but their communications have continued to strike a relatively hawkish tone. Hungary’s... 19th December 2022 · 11 mins read
Emerging Europe Chart Pack Signs of resilience, but recession still likely Growing domestic and external headwinds have taken a bigger toll on the region’s economies in recent months, with growth slowing sharply in Turkey and Israel in Q3 and GDP contracting outright in... 24th November 2022 · 11 mins read
Emerging Europe Chart Pack External vulnerabilities firmly in the spotlight Current account deficits have widened to alarming levels in Poland, Hungary, Turkey and, most of all, Romania, in recent months which has contributed to the downward pressure on currencies this year –... 26th October 2022 · 12 mins read
Emerging Europe Chart Pack Inflation pressures showing signs of easing Inflation now seems to be approaching a peak across the region. Commodity prices have fallen, supply constraints have eased, pipeline price pressures have softened and firms’ selling price... 22nd September 2022 · 14 mins read
Emerging Europe Chart Pack Resilience so far, but much tougher times ahead Economies across the region were generally resilient in Q2 despite tightening financial conditions and the war in Ukraine. Russia’s downturn was milder than expected, Turkey’s economy has held up well... 31st August 2022 · 12 mins read
Emerging Europe Chart Pack Growth outlook darkens The economic outlook has deteriorated across the region. Inflation is soaring and monetary conditions are tightening, which is weighing on households’ real incomes and spending power. The latest... 28th July 2022 · 11 mins read
Emerging Europe Chart Pack Tightening cycles still have some way to go Inflation has continued to beat expectations across Emerging Europe over the past month, reaching rates not seen in decades in most countries. It is now weighing more heavily on consumer confidence... 29th June 2022 · 13 mins read
Emerging Europe Chart Pack Resilience so far, but weakness on the horizon GDP across Central Europe expanded strongly in Q1 and the latest figures for March and April suggest that activity has remained resilient since the war in Ukraine started. Russia’s economy has not... 31st May 2022 · 14 mins read
Emerging Europe Chart Pack Inflation risks mount as commodity prices surge Surging commodity prices have pushed up inflation across the region and we expect inflation to hit fresh multi-year highs in the coming months. A loss of Russian gas supplies should not lead to... 28th April 2022 · 11 mins read
Emerging Europe Chart Pack Russia entering recession, slowdowns in CEE The war in Ukraine has devasted its economy, while Western sanctions are likely to push Russia into a deep contraction, with GDP set to fall by 12% this year. Immediate fears of a Russian sovereign... 30th March 2022 · 15 mins read