Emerging Europe Data Response Economic Sentiment Indicators (Mar.) The widespread slump in March’s Economic Sentiment Indicators (ESIs) for Central and Eastern Europe suggest that regional GDP growth slowed from 3.2% y/y in Q4 to around 2% y/y in Q1. But, with the... 30th March 2020 · 2 mins read
Emerging Markets Economics Chart Pack First EM GDP contraction in post-war era The real-time economic and market disruption from the coronavirus means that much of the data released during the past month offers little insight into current developments in the emerging world... 27th March 2020 · 11 mins read
Emerging Europe Economics Weekly CEE bond purchases, Russia’s containment measures The policy response across Central and Eastern Europe has become more aggressive over the past few weeks and the region’s central banks have joined a growing list of those that have started purchasing... 27th March 2020 · 5 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Values to drop as risk aversion rises The fast-moving pace of developments means that the impact of COVID-19 on Emerging European real estate is highly uncertain. We expect the sharp decline in economic activity and deterioration in... 27th March 2020 · 18 mins read
Emerging Markets Economics Update EM capital flows: bank flows are the big risk The dislocation in global financial markets has led to large capital outflows from EM debt and equity markets, which has caused financial conditions to tighten. And the economic effects could be much... 24th March 2020 · 3 mins read
Emerging Markets Economics Update Are we about to see a wave of sovereign defaults? A record number of sovereign dollar bonds are now trading at distressed levels, although these are mostly those of smaller EM governments. Among the most highly distressed sovereigns, Zambia and... 24th March 2020 · 3 mins read
Emerging Europe Economics Update Slashing our forecasts across the region Countries across Emerging Europe have stepped up their efforts to contain the coronavirus outbreak over the past week or so and the economic damage will now be much more severe than we had previously... 23rd March 2020 · 4 mins read
Emerging Europe Economics Weekly Output set to collapse, policy support likely to build The downside risks to the global economy have now become reality and the effects of the coronavirus outbreak will cause output to fall sharply in Q2 and GDP across the region will contract this year... 20th March 2020 · 5 mins read
Emerging Markets Economics Update EMs and the impact of containment measures The proliferation of measures to curb the spread of the coronavirus as well as shifts in consumer behaviour will have a severe effect on retail, accommodation, recreation and transport sectors across... 19th March 2020 · 3 mins read
Emerging Europe Economics Update Policy response will be stepped up across the region The coronavirus outbreak has prompted interest rate cuts and fiscal support packages in several countries across Emerging Europe and we think that more easing lies in store. That said, Turkey’s easing... 18th March 2020 · 4 mins read
Emerging Markets Economics Update Which EMs would struggle to contain an outbreak? Extremely dense populations in urban areas, poor healthcare provision, and limited ability to impose quarantine measures mean that countries in South and South-East Asia, as well as Egypt and Nigeria... 18th March 2020 · 3 mins read
Emerging Europe Economics Update Central Europe heading for a sharp contraction in Q2 The restrictive measures implemented by the authorities across Central and Eastern Europe to stem the spread of the coronavirus, as well as the spillover effects from the downturn elsewhere, will... 18th March 2020 · 4 mins read
Emerging Markets Economics Update EM financial conditions: Alarm bells starting to ring The broad-based tightening in EM financial conditions in recent days has been similar in scale to the onset of the global financial crisis. Conditions are now particularly restrictive outside of the... 16th March 2020 · 2 mins read
Emerging Europe Economics Weekly Oil collapse, containment in CEE, new forecasts The outlook for Emerging Europe has taken a considerable turn for the worse in the past week and we have revised down our GDP growth forecasts across the region. Our 2020 forecasts are now 1-2%-pts... 13th March 2020 · 7 mins read
Emerging Europe Economics Update Boost from low oil prices to be limited by coronavirus The collapse in oil prices will reduce current high rates of inflation in Central Europe and provide some respite for those oil importers with more fragile external positions (Turkey, Romania and... 12th March 2020 · 3 mins read
Emerging Markets Economics Update Where are EM external vulnerabilities largest? If the recent tightening of external financing conditions is sustained, it would result in severe balance of payments strains for the usual suspects (Turkey and Argentina) as well as some of the... 11th March 2020 · 3 mins read
