Emerging Europe Chart Pack Emerging Europe heading for a deep recession The coronavirus has spread across Emerging Europe faster than any other region in the emerging world and governments have implemented increasingly restrictive measures to contain its spread. These... 31st March 2020 · 12 mins read
Emerging Europe Chart Pack Coronavirus takes its toll on financial markets Concerns about the outbreak of coronavirus have taken their toll on the region’s financial markets over the past month. While the direct trade exposure of Emerging Europe to China is limited and there... 26th February 2020 · 15 mins read
Emerging Europe Chart Pack Turkey drives regional recovery Regional GDP growth in Emerging Europe appears to have picked up from 2.2% y/y in Q3 to around 2.5% y/y in Q4. This was predominantly driven by a recovery in Turkey’s economy, where policymakers are... 29th January 2020 · 15 mins read
Emerging Europe Chart Pack Central bank’s easing cycles running their course Policymakers in Russia and Turkey have loosened monetary policy more than elsewhere in the emerging world over the past few months, but we think that easing cycles are nearing an end. Communications... 17th December 2019 · 15 mins read
Emerging Europe Chart Pack Core inflation hits multi-year highs across CEE Headline inflation has eased across Central and Eastern Europe (CEE) over the past few months, but that was entirely due to falling food and fuel inflation; core price pressures have continued to... 28th November 2019 · 15 mins read
Emerging Europe Chart Pack Rate cuts fuel rally in Russian & Turkish bonds Large interest rate cuts and dovish comments from central banks in Russia and Turkey this month drove rallies in both countries’ local currency bond markets. The yields on sovereign 10-year local... 29th October 2019 · 15 mins read
Emerging Europe Chart Pack Cracks showing in Central Europe The economies of Central and Eastern Europe (CEE) shrugged off ongoing troubles in the euro-zone economy for most of 2019 but the latest data offer evidence that this now taking a bigger toll... 26th September 2019 · 15 mins read
Emerging Europe Chart Pack Central Europe bucking the global easing trend Central Europe is one of the few parts of the world where central banks haven’t eased monetary policy recently. Indeed, we think that the focus is likely to remain on tightening, particularly in... 28th August 2019 · 16 mins read
Emerging Europe Chart Pack Russia stuck in the slow lane Russia's economy remained very soft in Q2, although it does at least seem to have dodged a technical recession – albeit by the skin of its teeth. Much of the weakness seems to be concentrated in the... 23rd July 2019 · 16 mins read
Emerging Europe Chart Pack Russia and Turkey struggling, CEE still booming Recent activity data suggest that recoveries in Emerging Europe’s two largest economies – Russia and Turkey – have been disappointing. In Russia, where the economy expanded by a meagre 0.5% y/y in Q1... 25th June 2019 · 16 mins read
Emerging Europe Chart Pack Monetary tightening comes into focus Emerging Europe has been one of the few parts of the emerging world where attention has centred on monetary tightening (rather than loosening) in the past month. A rise in core inflation to multi-year... 29th May 2019 · 1 min read
Emerging Europe Chart Pack Regional GDP growth reaches a trough in Q1 Aggregate GDP growth in Emerging Europe appears to have slowed from 1.9% y/y in Q4 to around 1.3% y/y in Q1. While we don’t anticipate much of a rebound in the coming quarters, it does at least appear... 29th April 2019 · 1 min read
Emerging Europe Chart Pack Emerging Europe inflation bucking the trend Emerging Europe was one of the few parts of the world where inflation rose last month. In the Czech Republic, Hungary and Romania, this was driven by rapid wage growth which has pushed core inflation... 22nd March 2019 · 1 min read
Emerging Europe Chart Pack Fiscal stimulus on its way Developments this month suggest that governments in parts of the region are embarking on fiscal stimulus to boost growth and prop up popular support. Recent policy announcements in Russia and Turkey... 27th February 2019 · 1 min read
Emerging Europe Chart Pack Further evidence of a Q4 slowdown Data released over the past month suggest that regional GDP growth slowed from to 2.4% y/y in Q3 to a two-year low of 1.2% y/y in Q4. This was due mostly to the economic slump in Turkey, where... 31st January 2019 · 1 min read
Emerging Europe Chart Pack Fall in inflation gives central banks breathing space The fall in inflation across much of Emerging Europe last month was surprisingly sharp, which in part was due to lower oil prices but also (and more unexpectedly) a dip in food inflation. One... 19th December 2018 · 1 min read