Emerging Europe Economics Update Turkey stays ahead of the pack After the positive result in Sunday’s referendum on constitutional reform, Turkish markets received a further piece of good news this morning in the form of stronger than expected Q2 GDP data. In... 14th September 2010 · 1 min read
Emerging Europe Economics Update Turkish vote should buoy markets, for now The positive result in yesterday’s referendum on reforms to the Turkish constitution is good news for two reasons. First, it shows that support for the present AKP government is still high and, as... 13th September 2010 · 1 min read
Emerging Europe Economics Update Is it time to worry about fiscal discipline in Turkey? The Turkish bond market has shrugged off the news that a much vaunted fiscal rule will not now be implemented until 2012 at the earliest. This may be justified since, on its own, a rules based... 26th August 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 Policymakers to look through any food price spike (Aug 10) Emerging Europe Central Bank Watch 1 Aug. 2010 EMERGING EUROPE CENTRAL BANK WATCH Economies in Emerging Europe are more vulnerable than those in the West to a spike in wheat prices following recent... 20th August 2010 · 1 min read
Emerging Europe Economics Update Turkish current account risks on the rise Turkey’s current account deficit was smaller than expected in June, but it widened as a share of GDP over Q2 as a whole. What’s more, while the quantity of financing does not appear to be a concern at... 11th August 2010 · 1 min read
Emerging Europe Economics Focus Why Turkey must save its way to sustainable growth Turkey’s medium-term growth prospects are just about the best in Emerging Europe. But realising the economy’s full potential will require raising domestic savings. If the authorities can achieve this... 4th August 2010 · 1 min read
Emerging Europe Chart Pack Biting the fiscal bullet (Jul 10) With the notable exception of Hungary, most countries in Emerging Europe have now started to step up efforts at fiscal consolidation. In particular, the new governments in Slovakia and the Czech... 30th July 2010 · 1 min read
Emerging Europe Economics Update Turkish policymakers remain resolutely dovish Turkey’s Q3 Inflation Report confirms that policymakers remain resolutely dovish and relaxed about the inflation outlook. We now think that interest rates will stay on hold until 2011. Furthermore... 27th July 2010 · 1 min read
Emerging Europe Chart Pack Twin-speed recovery taking shape (Jun 10) The recovery in manufacturing across Emerging Europe has for the most part been pretty impressive. With the notable exceptions of Romania and Bulgaria, industrial output is now growing at doubledigit... 26th July 2010 · 1 min read
Emerging Europe Economics Update Inflation pressures still thin on the ground (Jul 10) Most countries in the region are on the road to recovery, but the large amount of spare capacity created by last year’s recession means that on the whole the outlook for inflation remains extremely... 16th July 2010 · 1 min read
Emerging Europe Economics Focus Turkey stays on course to outperform The Turkish economy is currently undergoing a rapid rebound, and its near-term outlook is the brightest in Emerging Europe. We expect GDP to grow by 6.5% this year, and while the recovery is likely to... 15th July 2010 · 1 min read
Emerging Europe Economics Update Turkish recovery leading the way Q1 2010 GDP data from Turkey reaffirm our view that it will be the best performing economy in the region over the next year or so. However, while the pace of recovery should continue to impress in the... 30th June 2010 · 1 min read
Emerging Europe Economics Update Markets still overstating pace of tightening (Jun 10) Marek Belka was recently sworn in as the new President of the National Bank of Poland, and his impressive credentials as a former head of the IMF’s European Department make him a safe pair of hands... 18th June 2010 · 1 min read
Emerging Europe Economic Outlook Euro-zone crisis adds to recovery headwinds (Q2 2010) Problems in the euro-zone’s periphery will exacerbate the twin-speed recovery already underway in Emerging Europe. No country would escape unscathed from a full-blown crisis in Western Europe, but... 16th June 2010 · 1 min read
Emerging Europe Chart Pack Q1 GDP data a mixed bag (May 10) First quarter GDP data, released by most countries over the past month or so, paint a mixed picture. The highly open economies of Central Europe – notably Slovakia – continue to rebound at a fairly... 25th May 2010 · 1 min read
