Emerging Europe Economics Update Energy shock halts Turkey’s rebalancing High energy prices are leading to a surge in Turkey’s imports and have pushed up inflation sharply. While the central bank appears to have room to stand pat for now, a prolonged period of high energy... 5th May 2026 · 3 mins read
Europe Economics Update Gas prices and European competitiveness The increase in European gas prices caused by the Iran war has been much smaller than in 2022 but it will make European industry less competitive compared to the US. Within Europe, it will weigh on... 1st May 2026 · 3 mins read
Emerging Europe Economics Update Romania: political turmoil adds to rebalancing challenge The vote of no confidence in Romania’s Prime Minister next week looks set to usher in renewed political instability. That will make it much harder to pass the fiscal austerity needed to tackle the... 30th April 2026 · 3 mins read
Emerging Europe Economics Update Rethinking Hungary’s path to the euro The Tisza government has made euro accession a key part of its economic plans. Its goal of being ready to enter by 2030 looks optimistic given that Hungary is some way away from meeting the Maastricht... 23rd April 2026 · 9 mins read
Emerging Europe Economics Update Israel’s cybersecurity sector and the AI challenge Rapid advances in AI capabilities will reshape Israel’s cybersecurity sector, with significant macro implications given that cyber software exports account for around 3% of GDP. AI will likely... 23rd April 2026 · 4 mins read
Emerging Markets Economics Update The Iran war and EMs – your questions answered This Update answers the questions on the Iran war and the impact on emerging markets that we have received most frequently from clients in meetings, through our platform and in our online briefings... 23rd April 2026 · 6 mins read
Global Economics Update Caution is warranted on defence-driven growth The latest IMF analysis broadly corroborates the conclusion we reached a year ago that higher defence spending will not turbocharge economic growth. The near-term boost to output will be smaller than... 16th April 2026 · 3 mins read
Emerging Europe Economics Update Thoughts on Hungary’s incoming geopolitical reset The incoming Tisza government is likely to realign Hungary’s foreign policy stance towards the EU, but economic pragmatism will mean that ties with Russia (energy) and China (FDI) adjust only... 15th April 2026 · 5 mins read
Emerging Europe Economics Update Is Orbánomics to blame for Hungary’s economic woes? The economic policy mix of the outgoing government of Viktor Orbán can partly explain the underperformance of Hungary’s economy over the past few years. And the change of government and the prospect... 14th April 2026 · 3 mins read
Emerging Europe Economics Update Key deadlines facing Hungary’s new government The incoming Tisza government inherits a mix of domestic support measures due to expire in the coming month and hard EU funding deadlines that it will need to act upon quickly. The most important... 14th April 2026 · 4 mins read
Capital Daily Further gains in Hungary’s markets may be harder to come by Hungary’s election result has been well received by markets, but further gains may be more limited and conditional on concrete results. 14th April 2026 · 3 mins read
Emerging Europe Economics Update Hungary’s election: your questions answered This Update answers the questions that we received during our Drop-in on Hungary’s election result. (An on-demand recording is available here.) The primary implication of the opposition Tisza party’s... 13th April 2026 · 6 mins read
Global Economics Update The economic consequences of a tax on Hormuz trade A tax on shipping through the Strait of Hormuz would be unlikely to have major near-term implications for global energy markets, trade or wider economic activity. But depending on how it is structured... 9th April 2026 · 4 mins read
Emerging Europe Economics Update The state of play ahead of Hungary’s election The opposition Tisza party heads into Hungary’s election this weekend as the favourite but may still fall short of the two-thirds supermajority needed to deliver deep institutional reform and unlock... 9th April 2026 · 4 mins read
Emerging Europe Economics Update Hungary: election to decide fiscal deficit path We expect Hungary’s budget deficit to widen towards 5.5% of GDP this year on account of pre-election stimulus, continued soft GDP growth and higher debt interest costs. Regardless of the election... 8th April 2026 · 5 mins read
Emerging Europe Economics Update Hungary’s frozen funds hang on a Tisza supermajority A victory for the opposition Tisza party in Hungary’s upcoming election on 12th April could open the door to the institutional reforms required to unlock frozen EU funds. But many of PM Orbán’s... 1st April 2026 · 5 mins read
