Emerging Europe Chart Pack Sentiment picks up but growth still weak The outlook for Emerging Europe has brightened considerably at the start of the year. Equities have rallied while the latest survey data from key euro-zone export markets have picked up markedly... 30th January 2013 · 1 min read
Emerging Europe Economics Update Hungary's easing cycle on shaky foundations Hungary’s external vulnerabilities mean that the scope for further interest rate cuts will depend on the forint holding up. The bigger picture, however, is that even if policy is eased further... 29th January 2013 · 1 min read
Emerging Europe Economics Update Policy risks in Hungary to spell further forint weakness Amid the public spat over who exactly is responsible for the recent sell-off in the Hungarian forint, the point that is being overlooked is that local factors, rather than global risk appetite, now... 15th January 2013 · 1 min read
Europe Commercial Property Update Emerging European property markets won't survive 2013 unscathed The results from this week’s EC survey suggest that, for most of Emerging Europe, commercial property occupier demand probably stagnated or deteriorated in the final quarter of last year. Hungary was... 11th January 2013 · 1 min read
Emerging Europe Economics Update New NBH Governor could catch markets off guard The appointment of Hungary’s new central bank Governor, due to be announced next month, has the potential to shatter the recent calm in the local financial markets. In this Watch, we assess the... 10th January 2013 · 1 min read
Emerging Europe Economics Update Hungary and Turkey cut rates in spite of external risks Policymakers in Hungary and Turkey cut interest rates today as the general improvement in global risk appetite in recent months has reduced concerns over external vulnerabilities and allowed the... 18th December 2012 · 1 min read
Emerging Europe Chart Pack A tough end to the year Growth across Emerging Europe has continued to slow in recent months and is likely to remain extremely weak in 2013. Official data suggest that the region grew by less than 2% y/y in the third quarter... 17th December 2012 · 1 min read
Emerging Europe Economics Update Inflation set to weaken further in 2013 Inflation is falling sharply across Central and South Eastern Europe and we expect this to continue into next year. This should encourage further policy stimulus in the Czech Republic and Poland... 13th December 2012 · 1 min read
Emerging Europe Economics Update Q3 GDP growth hit by weak domestic demand The detailed Q3 GDP data for Central and South Eastern Europe make pretty grim reading. We fear that the slowdown in both domestic demand and exports may be a sign of things to come. 7th December 2012 · 1 min read
Emerging Europe Economics Update Romanian elections to put leu under spotlight The run-up to Romania’s parliamentary election on Sunday has been surprisingly quiet. But we think the markets may be underestimating the risk of fresh turbulence following the vote. 6th December 2012 · 1 min read
Europe Commercial Property Update Industrial yields in Prague and Budapest have further to rise Monday’s Central & Eastern European (CEE) manufacturing PMI data suggest that recent rises in industrial yields in Prague and Budapest might be one-offs. However, softer external demand from the euro... 5th December 2012 · 1 min read
Emerging Europe Economics Update Central Europe’s manufacturing stabilises November’s PMIs were a positive surprise for Central Europe, where it looks like the manufacturingsector stabilised. Elsewhere, signs that Turkey’s exports may be flat-lining are worrying as they mean... 3rd December 2012 · 1 min read
Emerging Europe Chart Pack Growth slows, markets rally A raft of recently released Q3 GDP data for Emerging Europe paints a pretty gloomy picture. The Czech and Hungarian economies are still stuck in recession, while even the region’s better performers –... 29th November 2012 · 1 min read
Emerging Europe Economics Update Hungary’s easing cycle on shaky ground The improvement in global risk appetite has provided Hungary’s National Bank with the scope to loosen policy. But persistent financial vulnerabilities mean that, without an IMF deal in place, the Bank... 27th November 2012 · 1 min read
Emerging Europe Economic Outlook Slowdown has further to run A strong labour market combined with low and stable mortgage rates have not been able to prevent a small rise in mortgage arrears. Possessions are currently being kept low by continued lender... 22nd November 2012 · 1 min read
Emerging Europe Economics Update Hungary and the IMF one year on Tomorrow marks the first anniversary of the start of Hungary’s negotiations with the IMF. Unfortunately, we are no closer to a deal now than we were then. For the time being, the markets don’t appear... 16th November 2012 · 1 min read
