Emerging Europe Economics Update Hungary starts talks with IMF but obstacles ahead Talks between Hungary and the IMF are now underway. And with recent comments from the government suggesting that it has discarded its objections to accepting IMF help, market sentiment has improved... 10th January 2012 · 1 min read
Emerging Europe Economics Update Hungarian forint falls to record low, but IMF help looks elusive With the forint falling to a record low against the euro today, the news from Hungary goes from bad to worse, coming on the back of the breakdown in negotiations with the IMF and EU last month, a... 4th January 2012 · 1 min read
Emerging Europe Economics Update Hungary: further tightening on the cards The National Bank of Hungary (NBH) hiked interest rates today, as expected. But with the government at loggerheads with the central bank, talks with the IMF seemingly having broken down and fresh... 20th December 2011 · 1 min read
Emerging Europe Chart Pack Sliding back into recession The past month has brought further evidence – if any were needed – that Emerging Europe will not escape unscathed from the gathering storm in the euro-zone. Unsurprisingly, perhaps, the region’s most... 19th December 2011 · 1 min read
Emerging Europe Economics Update Inflation threat is not as big as many fear Headline inflation has picked up across much of Emerging Europe. But we don’t think this threat is as big as some commentators are suggesting since underlying inflationary pressures are subdued. With... 14th December 2011 · 1 min read
Emerging Europe Economics Update Central Europe’s underlying inflation still weak On the face of it at least, the latest rise in inflation in Central Europe is deeply worrying, not least since it has come against a backdrop of slowing growth. But a closer look at the data reveals... 13th December 2011 · 1 min read
Emerging Europe Economic Outlook Euro crisis to trigger recessions further east The deepening turmoil in the euro-zone is likely to drag large parts of Emerging Europe into recession over the next year. Financial sector vulnerabilities mean that recession risks are greatest in... 7th December 2011 · 1 min read
Emerging Europe Economics Update Manufacturing sliding into recession November’s manufacturing PMI data brought further evidence – if any was needed – that the more open economies in Emerging Europe are following their Western European neighbours into recession. Even... 1st December 2011 · 1 min read
Non-Euro Europe Commercial Property Chart Pack European property market is running out of bright spots Led by Poland and Russia, commercial property markets in CEE have been a relatively bright spot for investment in Europe. Yet, even here, growth in quarterly investment volumes has begun to slow. And... 29th November 2011 · 1 min read
Emerging Europe Economics Update Hungary rate hike fails to impress the currency markets If this afternoon’s 50bps hike in Hungarian interest rates was intended to shore up the forint, the move has flopped. But in truth it was always likely that a far larger increase would be needed to... 29th November 2011 · 1 min read
Emerging Europe Chart Pack Euro crisis starts to bite Despite the deepening crisis in the euro-zone, data released over the past month showed that growth accelerated in a number of countries in Emerging Europe in the third quarter of this year. Yet while... 22nd November 2011 · 1 min read
Emerging Europe Economics Update Hungary: IMF fiasco highlights concerns over policy predictability It appears that Hungary’s efforts to re-engage with the IMF have run into trouble sooner than even we had anticipated. While much still remains uncertain, the government’s decision to announce it was... 18th November 2011 · 1 min read
Emerging Europe Economics Update First thoughts on Hungary's move back to the IMF News that Hungary will commence talks with the IMF on a “new type of cooperation” is clearly a positive step following the turmoil seen in local markets over the past couple of weeks. The forint has... 17th November 2011 · 1 min read
Emerging Europe Economics Update Pillars of decent Q3 growth already crumbling The raft of third quarter GDP data released today contained some positive surprises – notably stronger than expected growth in Hungary and Romania. But given the speed at which the euro-crisis has... 15th November 2011 · 1 min read
Emerging Europe Economics Update Euro-crisis takes centre stage The deepening crisis in the euro-zone has led to a marked deterioration in the outlook for growth across Emerging Europe, but it will bring a range of different responses from policymakers in the... 14th November 2011 · 1 min read
Emerging Europe Economics Update Solid Q3 for Russia, while Hungary teeters on the brink Data released today show that the Russian economy grew by a fraction under 5% y/y in the third quarter of this year, but leading indicators are already pointing to a slowdown in Q4. Meanwhile, the... 14th November 2011 · 1 min read
