The composite PMI suggests that economic activity is softening rather than collapsing, while inflation could soon become as strong as it was after the Ukraine War.

Our Emerging Europe Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The energy shock presents a headwind to most of Emerging Europe by worsening...

If energy prices gradually ease in the second half of this year, as in our baseline, GDP growth should average 2.1% this year and pick up to 2.3% next year. Higher gasoline prices will weigh on...

ECB policymakers have pointed to second-round effects in the labour market as a key indication that they would need to tighten monetary policy. As things stand, we suspect that wage inflation will...