Emerging Europe Data Response Turkey Current Acc. (Oct.) & Hungary CPI (Nov.) Turkey’s current account deficit continued to decline in October and the fall in oil prices means it should narrow even further, towards 5% of GDP, over the coming months. Meanwhile, Hungary’s CPI... 11th December 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Prime yields to fall for another three years The stance of monetary policy is likely to stay exceptionally loose for the foreseeable future. And coupled with low inflation, we expect bond yields to stay lower for longer. Therefore, it seems... 8th December 2014 · 1 min read
Emerging Europe Economics Update Monetary policy in Hungary to stay loose The National Bank of Hungary left interest rates unchanged today and, in spite of negative inflation, the MPC appears to be in no mood to resume policy easing. But equally, there will be little... 25th November 2014 · 1 min read
Emerging Europe Data Response Central & Eastern Europe GDP (Q3) Third quarter GDP data for Central and Eastern Europe were surprisingly strong given the headwinds facing the region from Russia and, in particular, the euro-zone. 14th November 2014 · 1 min read
Emerging Europe Economic Outlook Crisis in Russia to weigh on regional growth Growth across Emerging Europe has slowed in recent months and we expect it to remain soft over the coming quarters. The economies of Central Europe will continue to be held back by weakness in Germany... 12th November 2014 · 1 min read
Emerging Europe Economics Update Hungarian MPC shrugs off weak inflation and activity data The press release accompanying today’s decision by the National Bank of Hungary to keep interest rates on hold was surprisingly upbeat. It largely shrugged off the drop in inflation in September... 28th October 2014 · 1 min read
Emerging Europe Chart Pack Renewed weakness in Germany hits Central Europe The past month has brought further evidence of weaker growth in Central Europe. Admittedly, August’s particularly disappointing data appear to have been distorted by variations in summer holidays. And... 24th October 2014 · 1 min read
Emerging Europe Economics Update The ruble’s decline and what it means for Russia The steep fall in the ruble over the past month will affect different parts of the economy in different ways. The government is likely to be one of the major winners. By contrast, consumers are likely... 7th October 2014 · 1 min read
Emerging Europe Economics Update Manufacturing PMIs point to activity stabilising September’s PMIs suggest that the slowdown in the region’s manufacturing sector may have stabilised towards the end of the third quarter. Encouragingly, the Polish PMI edged up, having fallen for the... 1st October 2014 · 1 min read
Emerging Europe Chart Pack Currency sell-off highlights divisions in rate outlook The sharp sell-off in the Russian ruble and Turkish lira this month couldn’t have come at a worse time for policymakers. Growth is sluggish in both countries, but high inflation and concerns about... 30th September 2014 · 1 min read
Emerging Europe Economics Update Hungary to keep rates at record low well into next year The National Bank of Hungary’s post-meeting press release reinforced the message that the MPC sees little pressure to raise interest rates. Indeed, with inflation likely to remain low, and economic... 23rd September 2014 · 1 min read
Emerging Europe Economics Update Euro-zone more to blame for Q2 slowdown than Ukraine The slowdown in Central and South Eastern Europe in the second quarter has raised concerns about the region’s exposure to the crisis in Ukraine. In this Watch, we dig deeper into the GDP data to see... 11th September 2014 · 1 min read
Emerging Europe Economic Outlook Emerging Europe Economic Outlook The recovery in Emerging Europe has fizzled out in recent months and we think growth will be sluggish over the coming quarters. The crisis in Ukraine presents one headwind, particularly for Russia... 5th September 2014 · 1 min read
Europe Commercial Property Update Where next for industrial rents in Hungary? Provided that Hungary’s apparent slowdown in the pace of economic growth is short-lived, industrial rental values are more likely to continue to mark time over the next few quarters than to fall. But... 4th September 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Hunt for yield will drive investors east Over the first half of the year, capital values in the Emerging European commercial property markets were little changed, while values in non-euro-zone Western markets edged a little higher. Over the... 3rd September 2014 · 1 min read
Emerging Europe Economics Update August’s PMIs suggest growth in Central Europe slowed further Last month’s batch of manufacturing PMIs suggests that the recent slowdown in the Turkish economy may have bottomed out but it provides yet further evidence of weakening growth in Central Europe. 1st September 2014 · 1 min read
