Filtered by Subscriptions: Emerging Europe Economics Use setting Emerging Europe Economics
This report is only available as a PDF. Click to download. … Risk appetite will continue to drive markets...for now …
23rd November 2007
The Baltics and parts of the Balkans run the risk of experiencing a nasty end to a recent period of very strong growth. But while a soft landing remains our central scenario, a further dip in global risk appetite could prompt a series of exchange rate …
21st November 2007
Brace yourselves for what could be an actionpacked series of rate-setting meetings next week. A 25bps hike in Polish interest rates is pretty much guaranteed following the spike in inflation last month. Policymakers in the Czech Republic could also hike …
19th November 2007
This report is only available as a PDF. Click to download. … Hungary: weak wage data to prompt rate cut? …
16th November 2007
This report is only available as a PDF. Click to download. … Turkey: Surprise move points to front-loading of rate cuts …
14th November 2007
This report is only available as a PDF. Click to download. … Hungary: Weak Q3 GDP heightens National Bank's dilemma …
This report is only available as a PDF. Click to download. … Slovakia: Q3 GDP surprises on upside, inflation risks build …
13th November 2007
Inflationary pressures are continuing to build across much of Emerging Europe. Strong growth is causing capacity constraints to bite and has pushed up core inflation in the Baltics, Balkans and Russia. But food prices are also rising. While this is partly …
9th November 2007
This report is only available as a PDF. Click to download. … Hungary: More good news, but public finances still Achilles Heel …
7th November 2007
This report is only available as a PDF. Click to download. … Russia: unpicking the impact of higher oil prices …
2nd November 2007
This report is only available as a PDF. Click to download. … National Bank of Hungary stays on hold at 7.5% …
29th October 2007
This report is only available as a PDF. Click to download. … Central Europe: Higher oil prices to boost inflation? …
24th October 2007
This report is only available as a PDF. Click to download. … Poland: Opposition victory greeted with cautious optimism …
22nd October 2007
This report is only available as a PDF. Click to download. … Markets recovery still going strong (Oct 07) …
19th October 2007
The future direction of interest rate movements across Central Europe remains clear cut - rates need to rise in Poland and the Czech Republic and fall in Hungary. But pinning down the likely timing of such moves remains tricky. This month, there is a good …
17th October 2007
This report is only available as a PDF. Click to download. … Turkey: CBT to maintain policy of measured easing …
16th October 2007
Although the medium-term growth fundamentals in Emerging Europe look good, the region has yet to reach a point where growth has become self-sustaining. In particular, economic prospects are still dependent on developments in Western Europe. So with the …
11th October 2007
This report is only available as a PDF. Click to download. … Russia: Medium-term inflation outlook deteriorating …
8th October 2007
The rally in emerging market equities following September’s Fed rate cut has prompted fears of a nascent bubble in emerging market assets. In Emerging Europe, equity markets in Russia and Turkey have seen particularly strong gains. In the near-term, it is …
1st October 2007
This report is only available as a PDF. Click to download. … Five reasons not to worry about a Russian banking crisis …
28th September 2007
This report is only available as a PDF. Click to download. … Central Europe: interest rate convergence has further to go …
27th September 2007
This report is only available as a PDF. Click to download. … Equities not overvalued, but bonds might be …
25th September 2007
This report is only available as a PDF. Click to download. … National Bank of Hungary cuts rates by 25bps …
24th September 2007
The focus this month will be on Hungary, where we think that interest rates are likely to be cut by 25bps, subject to ongoing developments in the currency markets. We expect policy makers elsewhere in the region to remain on hold. … Hungary cut looks on …
18th September 2007
Second quarter GDP growth figures released last month proved to be something of a mixed bag. While Russia and Slovakia continue to boom and overheating remains a concern in Latvia and Lithuania, growth cooled elsewhere. In Poland and the Czech Republic …
17th September 2007
This report is only available as a PDF. Click to download. … Turkey: surprise cut in rates, more to follow …
13th September 2007
This report is only available as a PDF. Click to download. … Russia: PM resigns, Putin dissolves government …
12th September 2007
This report is only available as a PDF. Click to download. … Turkey: Growth to bounce back after poor Q2 …
10th September 2007
This report is only available as a PDF. Click to download. … Q2 GDP: Solid growth in Czech Rep. as Hungary stagnates …
7th September 2007
This report is only available as a PDF. Click to download. … Slovakia and Romania: Q2 GDP a mixed bag …
4th September 2007
This report is only available as a PDF. Click to download. … Poland: Q2 GDP slows, but still above potential …
30th August 2007
This report is only available as a PDF. Click to download. … Central Banks become more hawkish …
29th August 2007
This report is only available as a PDF. Click to download. … What have we learnt from the recent sell-off? …
23rd August 2007
Despite recent market volatility, we are upbeat about the growth prospects in Emerging Europe and its four largest economies – Russia, Turkey, Poland and Romania. Given the right policies, the Big Four could achieve sustainable GDP growth rates of between …
21st August 2007
The focus this month will be on Hungary, where an updated inflation report should pave the way for a 25bps cut in interest rates. We expect rates to remain on hold elsewhere in the region. … Hungary to cut as inflation outlook improves (Aug …
14th August 2007
This report is only available as a PDF. Click to download. … Massive current account deficits becoming a concern …
9th August 2007
The troubles in US credit markets prompted a sell-off in Emerging Europe assets last month. Equity markets initially fell by around 2-7%, currencies by 2-5% and bond spreads rose by around 40bps as investor risk aversion increased. Those countries with …
8th August 2007
This report is only available as a PDF. Click to download. … Russia: Recent industrial strength reflects investment boom …
1st August 2007
This report is only available as a PDF. Click to download. … Sell-off in Turkey has further to run …
27th July 2007
This report is only available as a PDF. Click to download. … Czech Rep Hikes, More To Come. …
26th July 2007
This report is only available as a PDF. Click to download. … Turkey: Election result pleases markets but political risks remain …
23rd July 2007
This report is only available as a PDF. Click to download. … Hungary: Fiscal consolidation on track for now, but risks remain …
19th July 2007
The focus this month will be on the Czech Republic, where both we and the markets are predicting a 25bps rise in interest rates to 3%. Elsewhere, interest rates are likely to remain on hold in Hungary and Poland following surprise moves last month. … …
17th July 2007
This report is only available as a PDF. Click to download. … Czech Republic: Hawks to prevail over doves …
13th July 2007
Recent events suggest that Central Banks across Emerging Europe could be becoming more activist. Last month, the National Bank of Hungary cut rates by 25bps to 7.75%, without an accompanying moderation in wage growth that it had previously indicated would …
11th July 2007
The focus this month will be on Hungary, where a moderation in wage growth towards 6% should be enough to persuade the Monetary Council to cut interest rates by 25bps to 7.75%. Interest rates are likely to remain on hold elsewhere in the region, though …
6th July 2007
This report is only available as a PDF. Click to download. … Baltics: overheating but currency crisis still unlikely …
5th July 2007
There is a strong possibility that this month’s parliamentary elections in Turkey will return a weaker government. If so, then GDP growth could slow to around 4.5% per annum over the medium-term, following a recent period of macroeconomic stability where …
4th July 2007
The growth outlook across Emerging Europe remains good. We expect the region to grow by just over 6% this year, broadly unchanged from the 6.3% expansion achieved last year. Favourable weather conditions boosted output in a number of countries in Q1 of …
29th June 2007
This report is only available as a PDF. Click to download. … Surprise moves point to rise in central bank activism …
27th June 2007
