Emerging Europe Economics Update Policymakers to look through any food price spike (Aug 10) Emerging Europe Central Bank Watch 1 Aug. 2010 EMERGING EUROPE CENTRAL BANK WATCH Economies in Emerging Europe are more vulnerable than those in the West to a spike in wheat prices following recent... 20th August 2010 · 1 min read
Emerging Europe Chart Pack Biting the fiscal bullet (Jul 10) With the notable exception of Hungary, most countries in Emerging Europe have now started to step up efforts at fiscal consolidation. In particular, the new governments in Slovakia and the Czech... 30th July 2010 · 1 min read
Emerging Europe Chart Pack Twin-speed recovery taking shape (Jun 10) The recovery in manufacturing across Emerging Europe has for the most part been pretty impressive. With the notable exceptions of Romania and Bulgaria, industrial output is now growing at doubledigit... 26th July 2010 · 1 min read
Europe Commercial Property Update Poland vs. the Czech Republic: where are retail prospects brightest? Recent data releases support our view that the Polish retail property market will outperform that of the Czech Republic over the next few years. Indeed, although we do not expect a blistering recovery... 16th July 2010 · 1 min read
Emerging Europe Economics Update Inflation pressures still thin on the ground (Jul 10) Most countries in the region are on the road to recovery, but the large amount of spare capacity created by last year’s recession means that on the whole the outlook for inflation remains extremely... 16th July 2010 · 1 min read
Emerging Europe Economics Update IMF deal a tentative step in the right direction for Ukraine The financial markets’ luke warm endorsement of Ukraine’s new IMF deal is probably justified. While a new IMF programme is good news in theory, in practice its success will depend on whether or not it... 5th July 2010 · 1 min read
Emerging Europe Economics Update Markets still overstating pace of tightening (Jun 10) Marek Belka was recently sworn in as the new President of the National Bank of Poland, and his impressive credentials as a former head of the IMF’s European Department make him a safe pair of hands... 18th June 2010 · 1 min read
Emerging Europe Economic Outlook Euro-zone crisis adds to recovery headwinds (Q2 2010) Problems in the euro-zone’s periphery will exacerbate the twin-speed recovery already underway in Emerging Europe. No country would escape unscathed from a full-blown crisis in Western Europe, but... 16th June 2010 · 1 min read
Emerging Europe Economics Update Polish rates going nowhere regardless of new NBP Governor The proposed appointment of Marek Belka, a well-respected, pro-market economist, as the new Governor of the National Bank of Poland is not yet a done deal. But regardless of who takes over at the helm... 27th May 2010 · 1 min read
Emerging Europe Chart Pack Q1 GDP data a mixed bag (May 10) First quarter GDP data, released by most countries over the past month or so, paint a mixed picture. The highly open economies of Central Europe – notably Slovakia – continue to rebound at a fairly... 25th May 2010 · 1 min read
Emerging Europe Economics Update Politics comes into play in Hungary (May 10) Concerns that the new government in Hungary will jeopardise the independence of the National Bank appear to be coming to fruition. While much remains uncertain, it seems clear that PM Orban will now... 18th May 2010 · 1 min read
Emerging Europe Chart Pack Contagion risks from Greece high and rising (Apr 10) Concerns over the deepening crisis in Greece have weighed on financial markets across the region over the past couple of weeks. While no country has escaped, the contagion risks appear greatest in... 30th April 2010 · 1 min read
Europe Commercial Property Focus Polish retail property market outlook Over the next few years we think that the Polish retail market will outperform most retail markets in both Emerging Europe and the euro-zone. Indeed, the sanguine outlook for retail occupier demand... 23rd April 2010 · 1 min read
Emerging Europe Economics Update Changes at the top do not change outlook for policy (Apr 10) Both Poland and the Czech Republic are set to announce new Central Bank governors over the coming months. But we suspect this will do little to alter the policy bias in either country. Poland will be... 15th April 2010 · 1 min read
Emerging Europe Chart Pack Too soon to dismiss fiscal risks (Mar 10) Financial markets in Emerging Europe have, for the most part, brushed off sovereign debt concerns in the euro-zone’s periphery. While bond markets sold off earlier this year as the crisis in Greece... 29th March 2010 · 1 min read
Emerging Europe Economics Update Rates hikes still not imminent (Mar 10) Market rate expectations have edged down in recent weeks, but we still think that the pace of tightening currently priced in for most countries in the region is too aggressive. While inflation has... 19th March 2010 · 1 min read
