Third waves of COVID-19 in Central Europe seem to have peaked and authorities are moving to ease restrictions on activity, which should support recoveries. But Turkey’s outbreak has gone from bad to worse, adding to the headwinds facing its recovery. Although Turkey’s central bank left interest rates on hold this week, we think that large cuts lie in store. Finally, US sanctions imposed on Russian sovereign debt this week were on the milder end and should not have a major impact.
Note: From next week, we will start coverage of Israel’s economy on our Emerging Europe service. On Tuesday at 2pm BST, Chief Emerging Markets Economist William Jackson and Emerging Europe Economist Liam Peach will discuss the lessons from Israel’s successful vaccine roll-out. Register here.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.