Emerging Europe Economics Update Polish rates going nowhere regardless of new NBP Governor The proposed appointment of Marek Belka, a well-respected, pro-market economist, as the new Governor of the National Bank of Poland is not yet a done deal. But regardless of who takes over at the helm... 27th May 2010 · 1 min read
Emerging Europe Chart Pack Q1 GDP data a mixed bag (May 10) First quarter GDP data, released by most countries over the past month or so, paint a mixed picture. The highly open economies of Central Europe – notably Slovakia – continue to rebound at a fairly... 25th May 2010 · 1 min read
Emerging Europe Economics Update Politics comes into play in Hungary (May 10) Concerns that the new government in Hungary will jeopardise the independence of the National Bank appear to be coming to fruition. While much remains uncertain, it seems clear that PM Orban will now... 18th May 2010 · 1 min read
Emerging Europe Chart Pack Contagion risks from Greece high and rising (Apr 10) Concerns over the deepening crisis in Greece have weighed on financial markets across the region over the past couple of weeks. While no country has escaped, the contagion risks appear greatest in... 30th April 2010 · 1 min read
Europe Commercial Property Focus Polish retail property market outlook Over the next few years we think that the Polish retail market will outperform most retail markets in both Emerging Europe and the euro-zone. Indeed, the sanguine outlook for retail occupier demand... 23rd April 2010 · 1 min read
Emerging Europe Economics Update Changes at the top do not change outlook for policy (Apr 10) Both Poland and the Czech Republic are set to announce new Central Bank governors over the coming months. But we suspect this will do little to alter the policy bias in either country. Poland will be... 15th April 2010 · 1 min read
Emerging Europe Chart Pack Too soon to dismiss fiscal risks (Mar 10) Financial markets in Emerging Europe have, for the most part, brushed off sovereign debt concerns in the euro-zone’s periphery. While bond markets sold off earlier this year as the crisis in Greece... 29th March 2010 · 1 min read
Emerging Europe Economics Update Rates hikes still not imminent (Mar 10) Market rate expectations have edged down in recent weeks, but we still think that the pace of tightening currently priced in for most countries in the region is too aggressive. While inflation has... 19th March 2010 · 1 min read
Emerging Europe Economics Update Poland: surge in exports boosts Q4 GDP Q4 Polish GDP data released this morning confirmed an earlier preliminary estimate that the economy grew by 1.7% in 2009 and by 3.1% y/y in the final quarter of last year. But while Poland should... 2nd March 2010 · 1 min read
Emerging Europe Chart Pack Q4 GDP data a mixed bag (Feb 10) Q4 GDP data, released over the past month, have painted rather a mixed picture. The good news is that a number of countries, notably Russia and Poland, appear to have grown on a quarterly basis. But... 25th February 2010 · 1 min read
Emerging Europe Economics Update Policymakers to look through rise in inflation (Feb 10) Although inflation has risen across much of the region in recent months, policymakers remain in no rush to raise interest rates. For a start, the bulk of the pick-up in inflation has been caused by... 18th February 2010 · 1 min read
Emerging Europe Economics Update Poland: new MPC but interest rates going nowhere for now As expected, the replacement of Poland’s entire Monetary Policy Council (MPC) which was completed today is unlikely to mark a fundamental shift in the Council’s bias. As a result, we are sticking to... 16th February 2010 · 1 min read
Emerging Europe Chart Pack Pick-up in inflation to prove temporary (Jan 10) Inflation across much of Emerging Europe has risen in recent months. Nonetheless, there are good reasons to think that these rises will be short-lived. For a start, the pick-ups have been driven... 29th January 2010 · 1 min read
Europe Commercial Property Update Downside risks to Czech and Polish retail rents still evident The latest European Commission survey revealed an encouraging, widespread further improvement in industrial confidence in Emerging Europe in January. But data revealed a far more mixed picture for... 28th January 2010 · 1 min read
Emerging Europe Economics Update Poland defies the turmoil and expands in 2009 A preliminary estimate of 2009 GDP released this morning suggests that despite the turmoil in the global economy, Poland managed to grow by 1.7% last year. But while the Polish economy should continue... 28th January 2010 · 1 min read
