Emerging Europe Rapid Response CEE Economic Sentiment Indicators (July) The EC’s Economic Sentiment Indicators for Central and Eastern Europe suggest that regional GDP growth maintained a moderate pace, at 2.0-2.5% y/y, at the start of Q3. The prices components of the... 30th July 2025 · 2 mins read
Emerging Europe Rapid Response Hungary & Czechia GDP (Q2 2025) The Q2 GDP data released out of Hungary and Czechia confirmed that both economies have held up reasonably well since the introduction of US tariffs in April. With the EU-US trade deal likely to deal... 30th July 2025 · 2 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Jul. 2025) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. The EU-US trade agreement, which will impose a 15% tariff on most EU goods exports to the... 29th July 2025 · 1 min read
Emerging Europe Economics Weekly Emerging Europe Weekly: EU-US trade deal nearing, lacklustre activity data The trade deal that the EU and US are reportedly close to reaching would reduce the downside risks to activity across Central and Eastern Europe, particularly given that the region's key auto sector... 25th July 2025 · 7 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Jul.) The Hungarian central bank (MNB) left its base rate unchanged today at 6.50%, and we think that interest rates will remain at this level throughout 2025. That’s a more hawkish view than the consensus... 22nd July 2025 · 1 min read
Emerging Europe Economics Weekly Emerging Europe Weekly: Turkey’s return to easing, Trump’s threat to Putin US President Trump’s threat of 'secondary' tariffs on Russia - which would apply to countries buying energy from Russia - if followed through on, could exert a major squeeze on Russia’s fiscal... 18th July 2025 · 7 mins read
Emerging Europe Economics Update Fiscal risks still simmering across CEE Measures of fiscal risk premia have generally eased across Central and Eastern Europe (CEE) over the past few months, but the region’s public debt dynamics remain a point of concern. Budget deficits... 17th July 2025 · 5 mins read
Emerging Europe Economics Weekly Emerging Europe Weekly: Romania inflation rebound, Trump’s Russia statement Romania’s fiscal tightening measures will add to the country’s inflation problem in the near term, and we’ve significantly revised up our CPI forecast over the next year. While the consensus view is... 11th July 2025 · 5 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Jun. 2025) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Emerging Europe is less vulnerable than other EM regions to higher US import tariffs, but... 26th June 2025 · 1 min read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (June) 24th June 2025 · 2 mins read
Emerging Europe Economic Outlook Emerging Europe Outlook: Diverging paths in the face of US protectionism Emerging Europe is generally less vulnerable than other EM regions to higher US import tariffs, but we have still nudged down some of our GDP growth forecasts for this year. We think the region will... 18th June 2025 · 22 mins read
Europe Commercial Property Update Will office rents in Bucharest and Budapest continue to underperform? Having lagged over the past year, the improving economic backdrop should support office demand in Bucharest and Budapest in the coming few years. However, while we think high vacancy rates will limit... 12th June 2025 · 3 mins read
Emerging Europe Rapid Response CEE Economic Sentiment Indicators (May) The European Commission's Economic Sentiment Indicators for Central and Eastern Europe suggest that pockets of the region are starting to feel the bite from US tariffs, but that overall regional GDP... 27th May 2025 · 1 min read
Emerging Europe Economics Weekly Emerging Europe Weekly: A brief sigh of relief in Romania, CEE wage growth Nicusor Dan's victory in Romania’s presidential election on Sunday triggered a relief rally in the country’s financial markets, but we think it is difficult to take an optimistic view on the outlook... 23rd May 2025 · 8 mins read
