Emerging Europe Chart Pack Rally running out of steam (Jun 09) The strong rebound that had swept through financial markets in Emerging Europe since March has seemingly run out of steam. Equity markets across the region have lost ground since the start of June... 30th June 2009 · 1 min read
Emerging Europe Economic Outlook Eventual recovery to expose sharp country divisions (Q2 2009) A modest improvement in the outlook for Western Europe means that some countries in Emerging Europe - notably Poland, Turkey and the Czech Republic - could now see a return to positive growth in Q1 of... 25th June 2009 · 1 min read
Emerging Europe Economics Update Market still underestimating scope for rate cuts (Jun 09) Aggressive cuts earlier this year mean that interest rates are nearing their trough in Turkey and the Czech Republic, while concerns over financial stability mean that the pace of easing in Hungary... 17th June 2009 · 1 min read
Emerging Europe Chart Pack Off to an horrific start (May 09) Q1 GDP data released over the past month paint a grim picture, with most economies in the region contracting at a record pace. This is unsurprising given the meltdown in the region’s banking sector at... 28th May 2009 · 1 min read
Emerging Europe Economics Update Pick-up in inflation to prompt pause in easing cycle (May 09) Inflation data have surprised on the upside in both Poland and Hungary in recent months, due in large part to recent currency weakness. But the bigger picture is that the pick-up in inflation in both... 19th May 2009 · 1 min read
Emerging Europe Chart Pack ‘Green shoots’ still thin on the ground (Apr 09) There have been welcome signs that the pace of decline in the region’s economy has started to ease in recent weeks. But we think a recovery remains some way off. First, while consumer and business... 30th April 2009 · 1 min read
Europe Commercial Property Update Sharp interest rate cuts won’t help Turkish commercial property The Central Bank of Turkey’s most recent interest rate cut was the second in a row to surprise markets in its scale (75bps, to 9.75% on 16th April). However, unexpectedly sharp rate cuts do not mean... 20th April 2009 · 1 min read
Emerging Europe Economics Update Pace of cuts eases, but rates still set to fall (Apr 09) We have argued for some time that the pace of monetary easing across the region would slow as concerns about financial stability weigh on policymakers’ minds. This seems to have been borne out by... 17th April 2009 · 1 min read
Emerging Europe Chart Pack From falling markets to falling governments (Mar 09) Financial markets across Emerging Europe have recovered following last month’s sell-off. Currencies are up by 2% and equities have soared. But the recovery owes more to a general pick-up in global... 30th March 2009 · 1 min read
Emerging Europe Economic Outlook Worst recession since post-Communist 'shock therapy' (Q1 2009) Emerging Europe is in turmoil. While financial markets have stabilised somewhat following a sharp sell-off earlier this year, this owes more to a general recovery in global risk appetite than it does... 23rd March 2009 · 1 min read
Emerging Europe Economics Update Rates still set for record lows despite market turmoil (Mar 09) 17th March 2009 · 1 min read
Emerging Europe Chart Pack Industry collapses (Jan 09) Industrial output across the entire region has collapsed in recent months. While there are some country-specific factors at play, such as falling oil output in Russia and the ongoing turmoil in... 26th February 2009 · 1 min read
Emerging Europe Chart Pack In the eye of the storm (Feb 09) Financial markets across Emerging Europe are in turmoil. The immediate trigger for this latest sell-off appears to be fresh concerns over the health of the region’s banking sector. But the bigger... 26th February 2009 · 1 min read
Emerging Europe Economics Update Pace of cuts to ease but still heading for record lows (Feb 09) 18th February 2009 · 1 min read
Emerging Europe Economics Update Rates heading for record lows (Jan 09) The growth outlook for Emerging Europe continues to deteriorate sharply. With oil and food prices now a deflationary force, policymakers are rightly concerned about inflation undershooting rather than... 14th January 2009 · 1 min read
Emerging Europe Chart Pack 2009: A year-long hangover (Dec 08) It would be an understatement to suggest that 2008 has been a disastrous year for financial markets in the region. Currencies are down by as much as 40% against the dollar, equities have plunged and... 23rd December 2008 · 1 min read
