Emerging Europe Rapid Response

Romania Interest Rate Announcement (Jan.)

10th January 2023 · 2 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 Rapid Response

Poland Interest Rate Announcement (Jan.)

4th January 2023 · 2 mins read

Emerging Markets Economics Update

EM industry: ends 2022 on a weak footing

Although the manufacturing PMIs for December picked up in some highly-open EMs in Asia and Central Europe, industry in these countries remains very weak. And the surveys suggest that activity has...

3rd January 2023 · 2 mins read

Emerging Europe Economics Weekly

Sanctions biting in Russia, three key themes for 2023

The fall in the ruble this week is a sign that the new sanctions on Russia’s oil exports are beginning to bite and, if the currency continues to fall, interest rate hikes may come back onto the table...

23rd December 2022 · 8 mins read

Europe Commercial Property Update

Sharper lira correction risks stuffing Turkey rent gains

Although prime property in Turkey saw strong rental gains in 2022, a slowing economy looks set to weigh on occupier demand and cause rent growth to decelerate next year. Meanwhile, the risk of a...

22nd December 2022 · 3 mins read

Emerging Europe Rapid Response

Turkey Interest Rate Announcement (Dec.)

22nd December 2022 · 2 mins read

Emerging Europe Rapid Response

Czech Interest Rate Announcement (Dec.)

21st December 2022 · 2 mins read

Emerging Europe Data Response

Poland Activity Data (Nov.)

November’s activity data for Poland were much better than expected and provide further evidence of the economy’s relative resilience to the drags from high inflation and interest rates. Even so, we...

21st December 2022 · 3 mins read

Emerging Europe Rapid Response

Hungary Interest Rate Announcement (Dec.)

20th December 2022 · 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

Global Economic Outlook

2023 marked by recession and disinflation

We continue to expect the world to slip into recession in 2023 as the effects of high inflation and rising interest rates are felt. Our forecasts are below the consensus across the board but...

19th December 2022 · 3 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 Rapid Response

Russia Interest Rate Announcement (Dec. 22)

16th December 2022 · 2 mins read