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 terms of trade and raising inflation. We’ve lowered our growth forecasts in most countries by 0.3-0.5%-pts this year. Turkey is one of the most vulnerable, although the recent fall in oil prices probably gives the central bank space to refrain from tightening monetary policy further at its meeting tomorrow. Russia is the key beneficiary from higher energy prices, although with most of the windfall likely to be saved rather than spent, the resulting boost to GDP growth will be muted.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services