Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments.
Russia and Turkey had a strong first half to the year, but large policy tightening is likely to result in a sharp slowdown in 2024. Inflation pressures look set to keep building and further interest rate hikes lie in store. In contrast, downturns across Central and Eastern Europe (CEE) now appear to be bottoming out and we think activity will recover over the coming quarters. With last year’s inflation shock unwinding, a monetary easing cycle is taking shape. We expect the Czech central bank to follow Hungary and Poland in cutting rates in Q4, although we think policy will be eased a bit less than investors expect in CEE over the next two years.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.