Emerging Europe Economics Update Central European manufacturing showing signs of revival May’s PMIs provided some encouraging signs that manufacturing in Central Europe is turning the corner, helped by stronger demand from Germany. Worryingly though, the data indicate that the Turkish... 3rd June 2013 · 1 min read
Emerging Europe Economics Update Russia makes a weak start to Q2 April’s activity data will dent any remaining hopes for a quick rebound in Russian growth following the slump in Q1. As a result, the Central Bank is likely to come under yet further pressure to cut... 24th May 2013 · 1 min read
Emerging Europe Chart Pack Slump in regional growth may be bottoming out The raft of preliminary GDP data released earlier this month provided some hope that the region’s slowdown bottomed out in the first quarter of the year. Nonetheless, growth is extremely weak, at just... 24th May 2013 · 1 min read
Emerging Europe Economics Update Russia: thoughts turn to fiscal stimulus The continued weakness of Russia’s economy has led to questions about what policymakers can do to stimulate growth and, with the central bank reluctant to loosen monetary policy, there is a growing... 23rd May 2013 · 1 min read
Emerging Europe Economics Update Russia: weak Q1 to fuel stimulus debate Russia’s Q1 GDP data were not as bad as feared, but growth still slumped to its weakest pace since 2009. This will fuel the ongoing debate about the need for economic stimulus. But with the slowdown... 17th May 2013 · 1 min read
Emerging Europe Economics Update Russian interest rate cuts to come soon While central banks across much of the emerging world are cutting interest rates, high inflation prevented the Central Bank of Russia from doing so today, in spite of the weakness of the economy... 15th May 2013 · 1 min read
Emerging Europe Economic Outlook Set for a sluggish and uneven recovery The slowdown in Emerging Europe appears to have bottomed out at the start of the year. We expect growth to pick up over the second half of 2013, but the risk of a flare-up in the euro-crisis, the... 14th May 2013 · 1 min read
Emerging Europe Economics Update Slowdown bottoms out in Q1 A raft of Q1 GDP data due to be released over the coming weeks is likely to show that growth stabilised in most of Emerging Europe. Russia is the notable exception. Here, the slowdown seems to have... 13th May 2013 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Scandinavian investment demand flat-lining The signs from the first quarter are that, while the trend for investment demand in Emerging Europe might have turned the corner, in Scandinavia it remains stagnant. The latest survey and hard... 9th May 2013 · 1 min read
Emerging Europe Economics Update Weak industry and low inflation to trigger Polish rate cut April’s PMIs show signs of a renewed downturn in manufacturing in Central Europe. And tempting as it is to blame the weakness of German industry, it looks like domestic factors are playing a role too... 2nd May 2013 · 1 min read
Emerging Europe Economics Update Russia: first tweaks to the fiscal rule The decision by Russia’s Finance Ministry to increase the oil price forecast used in the budget appears to be an effort to paper over shortfalls in non-oil revenues, including from lower-than-expected... 30th April 2013 · 1 min read
Emerging Europe Chart Pack A soft start to the year The slowdown in growth in Emerging Europe appears to have bottomed out in the first quarter of this year. We estimate that, at an aggregate level, the region grew by around 0.8% y/y, in line with... 29th April 2013 · 1 min read
Emerging Europe Economics Focus Russia: a new era of weaker growth Following a decade of rapid growth, we think that the Russian economy is entering a new phase where much weaker growth becomes the norm. We believe the economy is unlikely to grow by much more than 2... 25th April 2013 · 1 min read
Emerging Europe Economics Update Russia: the implications of oil's fall to below $100pb The drop in oil prices over the past month will limit the room for fiscal stimulus in response to the slump in Russia’s economy since the turn of the year and is another reason to expect the recovery... 17th April 2013 · 1 min read
Emerging Europe Economics Update What has driven Russia's slowdown? The raft of Russian activity data for March, due to be released this week, is likely to show a slight improvement from February. But growth in Q1 is still set to be much weaker than at the end of last... 16th April 2013 · 1 min read
Europe Commercial Property Update CEE property investment data: a mixture of good and bad news Emerging European property investment markets seem to have started 2013 brightly. Yet the sharp rise in region-wide investment volumes was in most part driven by a huge rise in activity in Russia. If... 11th April 2013 · 1 min read
