Growth in Emerging Europe has generally surprised on the upside in recent quarters, which is consistent with the above-consensus forecasts we made at the start of this year. We expect further positive surprises from Russia over the next year but think that growth is close to peaking in both the CEE economies and Turkey. For these countries, our GDP forecasts for 2018 are now below consensus. On the policy front, we expect further large cuts in interest rates in Russia but expect policy to be tightened in CEE next year.
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 gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services