Europe Commercial Property Update

A tough year ahead for Prague retail

Prague retail saw an unexpected rental uplift at the end of 2022, ending three years of decline. But we think that will be a false dawn and expect that a subdued consumer outlook will combine with...

13th February 2023 · 3 mins read

Emerging Europe Economics Weekly

Turkey’s earthquake, Russia’s budget, CEE inflation

While the human losses from the earthquakes that hit Turkey and Syria this week are first and foremost in everyone’s minds, we think the overall economic impact on Turkey’s economy will be more...

10th February 2023 · 11 mins read

Emerging Europe Rapid Response

Russia Interest Rate Announcement (Feb. 23)

10th February 2023 · 2 mins read

Emerging Europe Data Response

Turkey Industrial Production (Dec.)

The rebound in industrial production in Turkey in December and the strength of retail sales in recent months point to an expansion of GDP in the order of 0.5-1.0% q/q in Q4. Activity will be disrupted...

10th February 2023 · 3 mins read

Emerging Europe Rapid Response

Romania Interest Rate Announcement (Feb.)

9th February 2023 · 2 mins read

Emerging Europe Data Response

Russia Activity Data (Dec.)

The latest industrial production and retail sales data for Russia for December were relatively weak, but Q4 was a bit stronger than we had expected and the economy is likely to have expanded slightly...

8th February 2023 · 3 mins read

Emerging Europe Rapid Response

Poland Interest Rate Announcement (Feb.)

8th February 2023 · 2 mins read

Emerging Europe Economics Update

First thoughts on Turkey’s earthquakes

The recent earthquakes that hit Turkey and Syria are a human tragedy and foremost in everyone’s minds. Nonetheless, the financial markets will also need to bear in mind the economic cost and, to the...

7th February 2023 · 4 mins read

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 Europe Economics Weekly

Czech-China tensions, Poland’s birth rate slumps

The increase in tensions between the newly elected Czech president and Chinese authorities this week highlights the risk of a fracturing of economic ties between the two countries. For Czechia, China...

3rd February 2023 · 10 mins read

Emerging Markets Economics Update

China’s re-opening and EMs: three key questions

We’ve received a lot of questions recently about the impact of China’s re-opening on EMs, including at our monthly Drop-in today. This Update answers three key questions on the winners and losers, the...

2nd February 2023 · 4 mins read

Emerging Europe Economics Update

Hawkish CNB may pivot soon

The hawkish tone struck by the Czech National Bank (CNB) as it left its policy rate on hold again today, at 7.00%, isn’t prompting us to abandon our view that rates will be cut around the middle of...

2nd February 2023 · 3 mins read

Emerging Europe Rapid Response

Czech Interest Rate Announcement (Feb.)

2nd February 2023 · 2 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 Markets Economics Update

EM industry: brighter outlook, but headwinds persist

The manufacturing PMIs picked up in most emerging markets in January, offering hope that the worst for EM industry may have now passed. But activity remains soft against the backdrop of high interest...

1st February 2023 · 2 mins read