Emerging Europe Economic Outlook

Inflation fight is far from over

Inflation and interest rates will fall across Central and Eastern Europe (CEE) in 2024 and an economic recovery is likely to take hold across the region. But the task of bringing inflation back to...

7th December 2023 · 25 mins read

Emerging Europe Chart Pack

Emerging Europe Chart Pack (Oct. 2023)

Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Russia and Turkey had a strong first half to the year, but large policy tightening is...

19th October 2023 · 1 min read

Emerging Europe Chart Pack

Emerging Europe Chart Pack (Sep. 23)

Russia and Turkey had a strong first half to the year, but large policy tightening is likely to result in a sharp slowdown in 2024. Inflation pressures look set to keep building and further interest...

20th September 2023 · 1 min read

Emerging Europe Economics Update

CEE: net migration outflows to slow sharply this decade

Economies in Central and Eastern Europe (CEE) have experienced large and persistent net migration outflows in recent decades, but the tide has shifted in the past five years or so as outflows have...

7th August 2023 · 6 mins read

Emerging Europe Economics Update

CEE: net migration outflows to slow sharply this decade

Economies in Central and Eastern Europe (CEE) have experienced large and persistent net migration outflows in recent decades, but the tide has shifted in the past five years or so as outflows have...

3rd August 2023 · 6 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 Economic Outlook

Dodging a deep downturn, but challenges far from over

There are encouraging signs that the energy crisis is receding, the worst of the downturn is passing and that inflation has peaked across the region, but this year will still be challenging. We expect...

30th March 2023 · 29 mins read

Emerging Europe Data Response

Economic Sentiment Indicators (Feb.)

The EC’s Economic Sentiment Indicators continued to rebound across Central and Eastern Europe in February, with our regional weighted measure hitting an eight-month high. It is broadly consistent with...

27th February 2023 · 2 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 Economics Weekly

Europe’s energy crisis losing its bite

The narrative surrounding Europe's energy crisis has shifted in recent weeks as warmer-than-normal winter temperatures have reduced heating demand, gas stocks have remained at high levels and gas...

6th January 2023 · 8 mins read

Emerging Europe Data Response

Economic Sentiment Indicators (Dec.)

The latest EC Economic Sentiment Indicators for Central and Eastern Europe point to a regional decline in GDP in the order of 0.5% q/q in Q4, but it was encouraging that sentiment increased for the...

6th January 2023 · 2 mins read

Emerging Europe Economic Outlook

Winter recession in motion

Emerging European economies are set for recessions this winter as the impact of high inflation, tight financial conditions and weakening external demand take their toll. Our GDP forecasts for 2023 are...

12th December 2022 · 3 mins read

Emerging Europe Economic Outlook

Region heading for recession

Emerging European economies are facing a difficult winter due to the energy crisis as well as headwinds from weakening demand for exports and tightening external financing conditions. We expect almost...

13th October 2022 · 29 mins read

Emerging Europe Economics Update

CEE economies hardest hit by Europe’s energy crisis

In this Update, we analyse the impact of surging energy prices in Europe and show that the Central and Eastern European (CEE) economies are the most vulnerable. The share of household disposable...

12th September 2022 · 6 mins read