Emerging Europe Economics Weekly Russia tax hikes, Israel rates, European elections The tax hikes announced by the Russian finance ministry this week will help to plug the hole created by the growing military budget, but won’t deliver the scale of fiscal tightening needed to stop the... 31st May 2024 · 9 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (May 2024) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Economic growth strengthened across Emerging Europe in Q1, and leading indicators suggest... 22nd May 2024 · 1 min read
Emerging Europe Rapid Response Israel GDP (Q1 2024) The 14.1% q/q annualised rebound in Israeli GDP in Q1 was slightly weaker than expected and left GDP almost 3% below its pre-war level. The latest indicators suggest that activity is likely to recover... 16th May 2024 · 2 mins read
Emerging Europe Economics Update Israel: excess savings an upside growth and inflation risk Private sector savings surged in Israel during the pandemic and jumped again last year amid the war in Gaza. We estimate that those built up due to the war are equivalent to around 3.0% of GDP and... 9th May 2024 · 4 mins read
Emerging Europe Economics Update Turkey's trade ban with Israel: assessing the impact The decision by Turkey last week to suspend all goods trade with Israel until there is a permanent ceasefire in the war in Gaza is unlikely to have a major macroeconomic impact in either country... 7th May 2024 · 3 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Apr. 2024) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. The paring back of expectations for interest rate cuts in advanced economies this month... 25th April 2024 · 1 min read
Emerging Europe Economics Weekly Israel-Iran strikes, Poland utility prices, IMF forecasts Tensions between Israel and Iran ratcheted up this week, although there's at least hope that both sides are now trying to avoid any further escalation. For Israel’s economy, the pressing issue is the... 19th April 2024 · 9 mins read
Middle East & North Africa Economics Weekly Iran-Israel tensions, Gulf floods, Egypt’s preliminary budget The ratcheting up of tensions between Iran and Israel has raised concerns about a broader regional conflict. For now, it seems unlikely that the Gulf states will get drawn in unless there is a serious... 18th April 2024 · 6 mins read
Emerging Europe Economics Update Iran’s strike: what next for Israel? The Iranian strike over the weekend has been largely shrugged off by Israel’s financial markets and on its own is unlikely to have a major impact on the economy. The key uncertainty now is how Israel... 15th April 2024 · 4 mins read
Middle East & North Africa Economics Update The Iran drone strike & the oil market implications There are clearly many ways in which tensions between Iran and Israel could escalate and push up oil prices following the Iranian drone strike at the weekend. But the risk that a conflict involving... 15th April 2024 · 4 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Apr.) The decision by the Bank of Israel (BoI) to leave its policy rate unchanged at 4.50% (rather than cut) for the second meeting in a row underscores policymakers’ concerns about the large budget deficit... 8th April 2024 · 2 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Mar. 24) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Inflation continued to fall across Central and Eastern Europe (CEE) last month and in most... 27th March 2024 · 1 min read
Emerging Europe Economic Outlook Overheating in Russia and Turkey, recoveries in CEE Economies in Central and Eastern Europe (CEE) ended last year in stagnation, but headwinds to growth are lifting and we think that 2024 will be a year of modest recovery. Inflation has fallen sharply... 26th March 2024 · 22 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Feb.) Israel’s central bank opted to leave interest rates on hold at 4.50% today – in contrast to the consensus view for a cut – and the communications continued to emphasise upside inflation risks... 26th February 2024 · 2 mins read
