Regional GDP growth is likely to gather pace this year as loose monetary and fiscal policy bolsters recoveries in Russia and Turkey and helps to cushion the slowdown in Central Europe. Interest rates will probably end this year lower than markets are pricing in across much of the region. But we are firmly non-consensus in forecasting that Turkey’s central bank will have to reverse course and hike interest rates towards the end of the year, resulting in slower growth in 2021.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services