Emerging Europe Chart Pack War in Europe Russia’s military invasion of Ukraine has caused turmoil in financial markets across the region. Western nations have imposed sanctions on Russia, including targeting some of its largest banks and... 25th February 2022 · 15 mins read
Emerging Markets Activity Monitor Omicron risks fading, but headwinds remain Large Omicron waves have caused activity to weaken in many EMs in Q1, but the good news is that mobility appears to bounce back quickly once outbreaks subside. As a result, the economic hit is likely... 22nd February 2022 · 2 mins read
Emerging Europe Economics Update Bank of Israel hints at lift-off in April The strength of the latest activity, labour market and inflation data prompted a shift in guidance from the Bank of Israel today in which it said that it may start a tightening cycle in the coming... 21st February 2022 · 2 mins read
Emerging Europe Data Response Israel GDP (Q4 2021) Israel’s economic recovery unexpectedly accelerated at the end of last year, with the 16.6% annualised rise in GDP in Q4 pushing it far above its pre-pandemic trend. Alongside the rise in inflation to... 16th February 2022 · 2 mins read
Emerging Europe Economics Weekly Turkey’s drive for “lira-isation”, Russia’s market sell-off The upwards revision to the Turkish central bank's 2022 inflation forecast this week was just a matter of catching up with reality and the more interesting detail was the central bank’s emphasis on... 28th January 2022 · 9 mins read
Emerging Europe Chart Pack Industry shifts into gear amid signs of easing shortages Industry across Emerging Europe turned a corner in Q4 as auto production rebounded strongly. This comes amid signs that supply shortages are starting to ease; our proprietary shortages dashboard... 27th January 2022 · 12 mins read
Emerging Europe Economic Outlook Mounting headwinds to take the shine off the recovery We expect regional GDP growth to come in below expectations this year as high inflation erodes households’ real incomes and policy becomes more restrictive. Despite this view on the growth outlook, we... 20th January 2022 · 29 mins read
Emerging Europe Chart Pack Omicron? Central banks focusing firmly on inflation Inflation pressures have shown no signs of letting up across Emerging Europe, with headline inflation rates surging to multi-year highs in November. Producer price inflation has hit rates not seen in... 20th December 2021 · 15 mins read
Emerging Europe Chart Pack Virus outbreaks diverge, but Omicron a renewed risk COVID-19 outbreaks in Central and Eastern Europe have diverged in the past month and that may continue in December, but the emergence of the potentially highly-transmissible Omicron variant could... 30th November 2021 · 16 mins read
Emerging Europe Economics Update Macro fundamentals to support further shekel strength The Israeli shekel has appreciated sharply in the past few weeks, making it one of the best performing currencies during the pandemic. While we don’t expect this recent strength to continue in the... 24th November 2021 · 4 mins read
Emerging Europe Economics Update BoI offers no new guidance, 2022 rate hike still in play The Bank of Israel (BoI) left its policy rate on hold at 0.10% as expected at its meeting today, confirmed that it will end its bond purchase programme next month and emphasised that it will continue... 22nd November 2021 · 2 mins read
Emerging Europe Data Response Israel GDP (Q3 2021) Israel’s economy slowed much more sharply than expected in Q3 as a shift in consumption habits away from goods and a fading of the re-opening boost to services caused a marked slowdown in consumption... 16th November 2021 · 3 mins read
Emerging Europe Data Response Israel Consumer Prices (Oct.) The much-weaker-than-expected rise in consumer prices in Israel in October was due to a sharp fall in airfares, but the big picture is that underlying inflation pressures generally remain soft. We don... 15th November 2021 · 2 mins read
Emerging Europe Economics Update Fiscal policy in Israel set to lose its punch The phasing out of crisis support and strength of tax revenues have boosted Israel’s public finances and the conservative stance of last week’s budget will help to narrow the deficit towards 3% of GDP... 11th November 2021 · 5 mins read
Emerging Markets Economics Update Five points on the latest virus developments in EMs The COVID-19 situation in many EMs has improved markedly over the past month or so as new infections have fallen sharply and vaccine rollouts have gathered pace. That said, the recent surge in virus... 5th November 2021 · 4 mins read
Emerging Europe Economics Weekly Israel passed a budget, hawks in flight, Turkey déjà vu The Israeli budgets for 2021 and 2022 passed this week – the first approved budgets in three years – don’t make a big difference to the direction of fiscal policy, but contain key reforms that may... 5th November 2021 · 8 mins read
