Emerging Europe Chart Pack Growth fears back with a bang Growth clouds are gathering over Emerging Europe. Leading indicators, such the manufacturing PMIs, have weakened across the board, growth in key export markets (notably Germany) is cooling and Q2 GDP... 25th August 2011 · 1 min read
Emerging Europe Economics Update Odds on Turkish recession start to shorten Turkish policymakers left interest rates unchanged today, but hinted that further policy loosening may be on the way. Yet even if additional stimulus is ultimately justified by a renewed downturn in... 24th August 2011 · 1 min read
Global Economics Update Can emerging markets rescue the rest of the world? Emerging markets should continue to grow rapidly over the next few years but, in contrast to the view of most commentators, we doubt that this will be of much benefit to the developed world. 18th August 2011 · 1 min read
Emerging Europe Economics Update Growth slows in Q2 and worse is to come Today’s Q2 GDP data show that the pace of recovery across the region was slowing even before the recent turmoil in financial markets. With external demand weakening and domestic demand still subdued... 17th August 2011 · 1 min read
Emerging Europe Economics Update What does the market turmoil mean for policy? In the wake of the recent market turmoil, the immediate priority for policymakers is to stabilise the region’s currencies. But if required central banks are more likely to rely on verbal or direct... 13th August 2011 · 1 min read
Emerging Europe Economics Update Super-strong Swiss franc hits Hungary & Poland The latest surge in the Swiss franc has turned the spotlight once again on Emerging Europe’s foreign currency debt problem. As it happens, only Hungary, Poland and Croatia have significant amounts of... 12th August 2011 · 1 min read
Emerging Europe Economics Update Weak Russian GDP data a sign of things to come The fact that Russian GDP growth slowed from 4.1% y/y in Q1 to 3.4% y/y in Q2 is particularly worrying since it suggests that the economy was losing steam even before the recent turmoil in financial... 12th August 2011 · 1 min read
Emerging Europe Economics Update European slump set to harm Czech growth prospects The tumultuous past week in the financial markets has fuelled concerns about the pace of the global, and especially the European, recovery. The Czech economy will be hit harder than most by a slowdown... 10th August 2011 · 1 min read
Latin America Economics Update Are emerging markets immune? Despite benefiting from generally better fundamentals, no emerging market (EM) is immune from the deepening problems in the US and Europe. Growth everywhere is likely to slow over the next year and... 9th August 2011 · 1 min read
Europe Commercial Property Update What is the outlook for Warsaw office rents? The current, double-digit pace of rental value growth in the Warsaw office market is not sustainable. But despite a large development pipeline, we believe that Poland’s relatively solid economic... 9th August 2011 · 1 min read
Non-Euro Europe Commercial Property Outlook Yield compression to halt as the recovery falters Non-euro-zone economies will not be immune from the slowdown now unfolding in the single currency area. A slower pace of economic growth coupled with concerns about potential contagion from the crisis... 5th August 2011 · 1 min read
Emerging Europe Economics Update Turkey’s monetary policy experiment gets risky The decision by the Central Bank of Turkey to raise its overnight borrowing rate and cut its benchmark 7-day repo rate could do more harm than good: the rise in the overnight rate risks attracting... 5th August 2011 · 1 min read
Emerging Europe Economics Update Turkey MPC meeting to focus on the lira The Central Bank of Turkey has announced that the MPC will hold an (unscheduled) interim meeting tomorrow, which, it seems, is likely to result in fresh measures to prevent a disorderly adjustment in... 4th August 2011 · 1 min read
Emerging Europe Economics Update Q2 slowdown a sign of things to come Leading indicators suggest that annual growth slowed in pretty much every economy in the region in Q2 of this year. Unfortunately, rather than being just a temporary blip, we think that this is a sign... 3rd August 2011 · 1 min read
Emerging Europe Economics Update Industrial production slows to a crawl The latest Manufacturing PMI data suggest that industrial production growth in the region all but ground to a halt in July. 2nd August 2011 · 1 min read
