Emerging Markets Economics Update Time for greater differentiation in EM growth stories Our view that the major BRIC emerging markets were heading for a period of permanently weaker growth looked bold when we set it out a little over a year ago, but it has now been adopted by the... 30th October 2013 · 1 min read
Emerging Europe Economics Update Emerging European markets outperform other EMs Equity markets in Emerging Europe have outperformed the rest of the emerging world over the past month. The largest gains have come in Central Europe, where the growth outlook continues to improve... 25th October 2013 · 1 min read
Emerging Europe Economics Update Economic recovery remains uneven The latest economic data from Emerging Europe shows that, while growth in the region as a whole is accelerating, the recovery remains extremely uneven. In Poland, GDP growth seems to have picked up... 17th October 2013 · 1 min read
Emerging Europe Economics Update Light at the end of the austerity tunnel While the economic challenges facing Russia and Turkey are growing, we're becoming increasingly optimistic about the outlook for the rest of Emerging Europe. The pick-up in growth in recent months has... 15th October 2013 · 1 min read
Emerging Europe Economics Update Russia’s central bank allows the dust to settle Having introduced an entirely new benchmark interest rate at its last meeting and unveiled new lending facilities at each of its two meetings prior to that, the Central Bank of Russia opted to do... 14th October 2013 · 1 min read
Emerging Europe Economics Update Russia’s slowdown starting to hit public finances The slump in Russia’s economy over the past year is starting to weigh on its public finances. The deterioration has so far been fairly modest and the fiscal position looks manageable for now. But the... 9th October 2013 · 1 min read
Emerging Europe Economics Update Taking the long view The tendency of most forecasters (including ourselves) to focus on the growth prospects for Emerging Europe over a one or two year horizon means that the region’s medium-term growth potential is often... 7th October 2013 · 1 min read
Emerging Europe Economics Update September’s PMIs show Turkey rebounding, Russia lagging September’s PMIs suggest that manufacturing in the highly-open Central European economies continued to recover and that Turkey’s manufacturing sector rebounded. However, growth in Turkey appears to... 1st October 2013 · 1 min read
Europe Commercial Property Focus Logistics: where are the opportunities? Over the next 5-10 years, we think that capital values in the European logistics sector will be strongest in Hungary, Ireland and the UK, but also above average in Russia and Germany. 30th September 2013 · 1 min read
Emerging Europe Economics Update Russia’s external debt burden not a cause for concern (yet) A recent warning from Russia’s Deputy Finance Minister has led to renewed concerns about the country’s growing burden of external debt. But while debt has risen sharply in recent quarters, we don’t... 30th September 2013 · 1 min read
Emerging Europe Economics Update Recovery gains momentum September’s European Commission Economic Sentiment Indicators (ESIs) allow us to form an early view of how Emerging Europe has performed in Q3, and the good news is that the recovery seems to be... 27th September 2013 · 1 min read
Emerging Europe Chart Pack Poland leads the way The latest activity data show that Emerging Europe’s recovery is continuing. Detailed Q2 GDP figures released this month confirmed that the region as a whole grew by 1.6% y/y, up from 1.3% y/y in the... 27th September 2013 · 1 min read
Emerging Europe Economics Update Central Europe has muted reaction to QE tapering delay The reaction of the financial markets in Central Europe to the US Fed’s decision to hold off tapering QE was decidedly muted. But these countries’ markets didn’t suffer the large sell-offs seen... 24th September 2013 · 1 min read
Emerging Europe Economic Outlook Growth clouds start to lift The outlook for much of Emerging Europe has brightened in recent months and we expect growth in most countries to accelerate over the coming quarters. The strengthening of the euro-zone should support... 20th September 2013 · 1 min read
Emerging Europe Economics Update Russian economy continues to struggle The weakness of August’s activity data for Russia is partly due to working day effects since August of this year had one fewer working day than August of 2012. Even so, today’s data reinforce our view... 18th September 2013 · 1 min read
Emerging Europe Economics Update Have Emerging Europe’s banks turned the corner? Emerging Europe has been the laggard of the emerging world over the past few years, due in large part to problems in its banks. But with the region seemingly on the mend, might local banking sectors... 17th September 2013 · 1 min read
