Emerging Europe Data Response Russia Activity Data (Apr.) The continued growth of Russian industrial production and retail sales in April suggests that the strength of activity seen in Q1 continued at the start of Q2. This momentum is likely to be sustained... 31st May 2023 · 2 mins read
Emerging Europe Chart Pack Current account positions improve, but risks remain There has been further evidence over the past month that resilient export growth, weak domestic demand and lower energy prices have helped to improve current account positions across Central and... 31st May 2023 · 15 mins read
Europe Commercial Property Valuation Monitor Valuations continue to improve but remain stretched European property valuations continued to improve in Q1 on the back of further increases in property yields as well as falls in government bond yields. Nonetheless, all office and industrial markets... 31st May 2023 · 5 mins read
Emerging Europe Data Response Turkey GDP (Q1 2023) Turkey’s economy shrugged off the impact of the earthquakes in February and grew by 0.3% q/q (4.0% y/y) in Q1. GDP growth is likely to remain soft in q/q terms this year, but a continuation of... 31st May 2023 · 3 mins read
Capital Daily Latest signs of optimism in Turkey’s markets may not last A sense that President Erdogan might shift towards orthodox policymaking seems to be soothing Turkey’s financial markets, but we doubt this optimism will last long. And we think the Turkish lira will... 30th May 2023 · 6 mins read
Emerging Europe Rapid Response Turkey Presidential Election Second Round (May) 29th May 2023 · 3 mins read
Emerging Europe Economics Weekly Calm before the storm in Turkey? Israel passes budget With the second round vote of Turkey's presidential election taking centre stage on Sunday, and Erdogan in pole position to win, the day of reckoning for Turkey's economy and financial markets may now... 26th May 2023 · 8 mins read
Global Markets Update Crisis risks loom for Turkey’s financial markets President Erdogan looks set to secure victory in the second round of Turkey’s presidential election on 28th May. This Update sets out how we think this would play out in Turkey’s financial markets... 25th May 2023 · 4 mins read
Emerging Markets Economics Chart Pack Latest EM elections raise policy risks The results of elections in major EMs over the past month have increased macroeconomic policy risks. Most notably in Turkey, President Erdogan now has the edge ahead of a second-round presidential... 25th May 2023 · 8 mins read
Event EM Drop-In: The case for EM equity outperformance 1685628000 During our latest monthly dive into the big themes in emerging markets, the team discussed the macro and market forces that could see EM equities breaking their recent run of underperformance again
Europe Commercial Property Chart Pack Emerging Europe: Yield rises show no sign of easing In contrast to the rest of Europe, CEE yields not only rose, but increased more sharply in Q1 than the previous quarter. Strong rental growth cushioned the blow to all-property capital values, but... 24th May 2023 · 5 mins read
Emerging Europe Economics Update MNB kicks off its monetary easing cycle Hungary’s central bank (MNB) cut the interest rate on its one-day deposit tender at today’s meeting, from 18% to 17%, and this is likely to be followed by further cuts in the coming months, with the... 23rd May 2023 · 3 mins read
Emerging Europe Data Response Poland Activity Data (Apr.) Industrial production and retail sales data for April for Poland were generally on the weak side and suggest that the economy lacked momentum at the start of Q2. We think activity will soon bottom out... 23rd May 2023 · 3 mins read
Emerging Europe Economics Update Israel: 25bp hike, but tightening cycle not yet over The Bank of Israel (BoI) delivered another 25bp interest rate hike, to 4.75%, at today’s meeting and did not offer any guidance as to whether this would be the last in the cycle. On balance, we think... 22nd May 2023 · 3 mins read
