Emerging Europe Economics Focus CEE’s energy crisis: looking beyond this winter The energy crisis in Central and Eastern Europe has lost some of its bite as natural gas prices have slumped and countries have made good progress in replacing Russian energy supplies. This has... 6th February 2023 · 25 mins read
Emerging Markets Economics Update EM banks well placed to face rising loan losses EM banks will face an increase in loan losses this year, but the good news is that banking sectors on the whole appear well-placed to absorb these, particularly in parts of Latin America, Emerging... 2nd February 2023 · 4 mins read
Emerging Europe Economics Weekly “Lira-isation” drive deepens, MNB’s hawkish stance Turkish policymakers deepened their "lira-isation" drive this week by increasing the incentive for firms to convert their FX earnings into lira, but we're not convinced that the policy changes will be... 27th January 2023 · 11 mins read
Emerging Europe Chart Pack Growth outlook brightens, but tough times still ahead The growth outlook for 2023 across Central and Eastern Europe has brightened a bit over the past month. Wholesale European natural gas prices have continued to fall sharply and survey measures of... 26th January 2023 · 14 mins read
Emerging Europe Economics Update Three bits of good news for the CEE inflation outlook Moderating core price pressures, the continued fall in inflation expectations and the sharp decline in wholesale natural gas prices mean we think inflation in Central and Eastern Europe will fall a... 19th January 2023 · 2 mins read
Emerging Europe Economics Update Strong FDI inflows likely to continue in CEE The surge in FDI inflows to a 15-year high in Central and Eastern Europe last year will partly unwind this year given the weaker global macro backdrop. But we think that a large part of the increase... 17th January 2023 · 3 mins read
Emerging Europe Economics Weekly Disinflation takes hold in CEE, Russia’s budget pressures This week brought the clearest evidence yet that the disinflation process in Central Europe is underway as most economies experienced a broad-based easing of price pressures in December. This is... 13th January 2023 · 7 mins read
Emerging Europe Economics Update Insights from Euromoney’s CEE conference Europe’s energy crisis, sky-high rates of inflation and Ukraine’s reconstruction were among the biggest topics of conversation at Euromoney’s Central and Eastern European forum in Vienna this week... 12th January 2023 · 4 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 Chart Pack CEE central banks still a long way from turning to cuts Central banks across Central and Eastern Europe have left interest rates on hold over the past month or so but their communications have continued to strike a relatively hawkish tone. Hungary’s... 19th December 2022 · 11 mins read
Emerging Europe Economics Weekly Hungary’s EU fund deal, further dovish tilt at the CNB? The EU’s approval of Hungary’s COVID-19 recovery plan this week is a welcome development for Hungary’s economy and financial markets, but it won’t immediately transform the near-term outlook. 16th December 2022 · 9 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 Economics Weekly Hungary fending off another crisis, weak activity data The decision by Hungary’s government to abandon its cap on petrol and diesel prices this week adds to what has already been a sharp withdrawal of government support in recent months. Hungary’s economy... 9th December 2022 · 7 mins read
