Emerging Europe Economics Update Door hasn't closed on looser policy in Czech and Poland Policymakers in both Poland and the Czech Republic are becoming more optimistic about the economic outlook. But even so, we still expect a further cut in Polish interest rates next month. And while... 6th February 2013 · 1 min read
Emerging Europe Economics Update Euro-zone risks ease but banks remain fragile The continued improvement in sentiment towards the euro-zone has simultaneously eased external funding conditions for Emerging Europe’s banks and reduced the threat of financial contagion from the... 4th February 2013 · 1 min read
Emerging Europe Economics Update PMIs show first signs of green shoots The latest batch of manufacturing PMI data from Emerging Europe provide the first signs that the region’s economy is turning around. However, for now at least, the recovery appears to be concentrated... 1st February 2013 · 1 min read
Emerging Europe Chart Pack Sentiment picks up but growth still weak The outlook for Emerging Europe has brightened considerably at the start of the year. Equities have rallied while the latest survey data from key euro-zone export markets have picked up markedly... 30th January 2013 · 1 min read
Europe Commercial Property Update Emerging European property markets won't survive 2013 unscathed The results from this week’s EC survey suggest that, for most of Emerging Europe, commercial property occupier demand probably stagnated or deteriorated in the final quarter of last year. Hungary was... 11th January 2013 · 1 min read
Emerging Europe Economics Update New NBH Governor could catch markets off guard The appointment of Hungary’s new central bank Governor, due to be announced next month, has the potential to shatter the recent calm in the local financial markets. In this Watch, we assess the... 10th January 2013 · 1 min read
Emerging Europe Chart Pack A tough end to the year Growth across Emerging Europe has continued to slow in recent months and is likely to remain extremely weak in 2013. Official data suggest that the region grew by less than 2% y/y in the third quarter... 17th December 2012 · 1 min read
Emerging Europe Economics Update Inflation set to weaken further in 2013 Inflation is falling sharply across Central and South Eastern Europe and we expect this to continue into next year. This should encourage further policy stimulus in the Czech Republic and Poland... 13th December 2012 · 1 min read
Emerging Europe Economics Update Q3 GDP growth hit by weak domestic demand The detailed Q3 GDP data for Central and South Eastern Europe make pretty grim reading. We fear that the slowdown in both domestic demand and exports may be a sign of things to come. 7th December 2012 · 1 min read
Emerging Europe Economics Update Romanian elections to put leu under spotlight The run-up to Romania’s parliamentary election on Sunday has been surprisingly quiet. But we think the markets may be underestimating the risk of fresh turbulence following the vote. 6th December 2012 · 1 min read
Europe Commercial Property Update Industrial yields in Prague and Budapest have further to rise Monday’s Central & Eastern European (CEE) manufacturing PMI data suggest that recent rises in industrial yields in Prague and Budapest might be one-offs. However, softer external demand from the euro... 5th December 2012 · 1 min read
Emerging Europe Economics Update Central Europe’s manufacturing stabilises November’s PMIs were a positive surprise for Central Europe, where it looks like the manufacturingsector stabilised. Elsewhere, signs that Turkey’s exports may be flat-lining are worrying as they mean... 3rd December 2012 · 1 min read
Emerging Europe Chart Pack Growth slows, markets rally A raft of recently released Q3 GDP data for Emerging Europe paints a pretty gloomy picture. The Czech and Hungarian economies are still stuck in recession, while even the region’s better performers –... 29th November 2012 · 1 min read
Emerging Europe Economic Outlook Slowdown has further to run A strong labour market combined with low and stable mortgage rates have not been able to prevent a small rise in mortgage arrears. Possessions are currently being kept low by continued lender... 22nd November 2012 · 1 min read
Emerging Europe Economics Update A grim set of Q3 data Third quarter GDP data for Central and Eastern Europe make for pretty grim reading. Output contracted on a quarterly basis in three of the five countries that reported figures and the business surveys... 15th November 2012 · 1 min read
Emerging Europe Economics Update The slowdown spreads Third quarter GDP data, which are due to be released by most countries over the coming month, are likely to make fairly grim reading. We estimate that regional growth slowed to around 1.5-2.0% y/y in... 8th November 2012 · 1 min read
