Third waves of COVID-19 in Central Europe seem to have peaked and authorities are moving to ease restrictions on activity, which should support recoveries. But Turkey’s outbreak has gone from bad to worse, adding to the headwinds facing its recovery. Although Turkey’s central bank left interest rates on hold this week, we think that large cuts lie in store. Finally, US sanctions imposed on Russian sovereign debt this week were on the milder end and should not have a major impact.
Note: From next week, we will start coverage of Israel’s economy on our Emerging Europe service. On Tuesday at 2pm BST, Chief Emerging Markets Economist William Jackson and Emerging Europe Economist Liam Peach will discuss the lessons from Israel’s successful vaccine roll-out. Register here.
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