Emerging Europe Economics Update Polish MPC split down the middle The acceleration in headline inflation seen across Emerging Europe in recent months has been driven predominantly by a rise in food prices. This follows droughts in Russia and widespread flooding... 17th November 2010 · 1 min read
Emerging Europe Economics Update Industry makes a good start to Q4 Manufacturing PMIs strengthened across most of the region in October and continue to point to industrial production growth of between 10-15% y/y over the coming months. But manufacturers in the region... 2nd November 2010 · 1 min read
Emerging Europe Chart Pack 'Currency wars' bypass Emerging Europe (Oct 10) Concerns that a rapid influx of capital into emerging markets may sow the seeds of the next bubble do not really apply in Eastern Europe. This is because, so far, at least, capital inflows to the... 29th October 2010 · 1 min read
Europe Commercial Property Update Czech occupier demand still under pressure October’s fall in economic sentiment in the Czech Republic suggests that a recovery in occupier demand for commercial property is not yet imminent. Indeed, rental value prospects for office, retail or... 25th October 2010 · 1 min read
Emerging Europe Economics Update Turkey steps up its 'exit strategy' (Oct 10) It has been a long time coming, but policymakers in parts of the region are gearing up to begin tightening monetary policy. The Central Bank of Turkey accelerated its so-called ‘exit strategy’ from... 18th October 2010 · 1 min read
Emerging Europe Economics Update Rising Czech inflation doesn't warrant higher interest rates Last month’s pick-up in inflation in the Czech Republic is likely to give further ammunition to the hawks on the National Bank’s (CNB’s) policymaking Board. But core price pressures remain remarkably... 11th October 2010 · 1 min read
Emerging Europe Chart Pack Still in no mood to tighten Growth in some economies in Emerging Europe, not least Turkey, is starting to look impressive. But underlying inflation pressures remain relatively benign, and concerns over the durability of the... 30th September 2010 · 1 min read
Emerging Europe Economics Update Czech rates on hold, still in no rush to tighten The Czech National Bank (CNB) kept interest rates unchanged at 0.75% earlier today, as expected. But the news that one Board member voted for a rate hike will lead to much debate over the future pace... 23rd September 2010 · 1 min read
Emerging Europe Economics Update Still in no rush to tighten (Sep 10) Growth in some economies in the region is starting to look impressive but underlying inflation pressures remain benign and concerns over the durability of the global recovery will keep policymakers... 20th September 2010 · 1 min read
Emerging Europe Economic Outlook The twin-speed recovery (Q3 2010) Some economies in Emerging Europe should grow at a decent pace over the next year or so, but most are facing a long haul back to health and the likelihood of renewed tensions within the eurozone... 17th September 2010 · 1 min read
Europe Commercial Property Update Prague vs. Warsaw: where are office market prospects brightest? The outlook for office occupier demand looks to be considerably stronger in Warsaw than in Prague. What’s more, completion volumes in Warsaw are finally beginning to slow, suggesting that the vacancy... 9th September 2010 · 1 min read
Emerging Europe Economics Focus Central Europe: the fiscal squeeze is here 8th September 2010 · 1 min read
Emerging Europe Economics Update Czech rate hawks undone by the data July’s slump in Czech retail sales was not a huge surprise, given that June’s surge was built on flimsy foundations. By contrast, the slowdown in industrial production growth, while exacerbated by... 6th September 2010 · 1 min read
Emerging Europe Chart Pack Solid Q2 growth, but strong headwinds persist (Aug 10) Most economies in Emerging Europe posted positive quarterly growth in Q2 and some countries, notably Russia and Turkey, remain on track for an impressive rebound this year. However, a number of... 25th August 2010 · 1 min read
Emerging Europe Economics Update More to the surge in Czech retail sales than meets the eye The surge in Czech retail sales over the past couple of months is not as good as it seems at first sight. In particular, the rapid rise in sales volumes appears to owe much to heavy discounting by... 24th August 2010 · 1 min read
Europe Commercial Property Update Underperformance of Czech Republic industrial yields is unlikely to last The fact that prime industrial yields in the Czech Republic are lagging the recovery in most of Emerging Europe does not square with the macro data. In addition, with prospects for rental value growth... 23rd August 2010 · 1 min read
