Economic Snapshot for South-Eastern Europe
bet360备用网址March 10, 2020
The outlook for the regional economy this year is much improved compared to last year as the Turkish economy will continue to gain traction. More broadly, still-cheap credit and tight labor markets should buttress wages and regional activity. Risks remain skewed to the downside, however, amid lingering external headwinds such as soft growth in the EU and the coronavirus.
South-Eastern Europe Monetary & Financial Sector News
bet360备用网址Regional inflation rose from 7.2% in December to 7.4% in January as price pressures rose across the region bar in Romania. This year, inflation should ease compared to last year on softer inflation in Turkey, Romania and Bulgaria more than offsetting stronger price pressures in Greece, Serbia and Croatia.
In recent weeks, Turkey’s Central Bank once again cut its interest rate, bringing real interest rates deeper into negative territory. Elsewhere in the region, activity among central banks was muted due to not having a meeting or keeping the policy rate unchanged, as was the case in Serbia. This year, continued easing in Turkey should drive the regional interest rate down.
Over the past month, the Turkish lira depreciated further against the dollar; while the Romanian leu and Albanian lek lost some ground against the euro, and the Serbian dinar was stable. Other economies in the region use the euro or have pegged their currencies to the euro. This year, the regional exchange rate should depreciate against the USD, weighed on by a weaker lira.
5 years of South-Eastern Europe economic forecasts for more than 30 economic indicators.
South-Eastern Europe Economic News
March 16, 2020
bet360备用网址Consumer prices increased a modest 0.1% from the previous month in February, following January’s 0.9% jump.
March 13, 2020
Industrial output grew 7.9% year-on-year in January on a calendar-adjusted basis, down from the revised 9.0% expansion recorded in December (previously reported: +8.6% year-on-year).
March 12, 2020
bet360备用网址Industrial production fell 3.1% year-on-year in seasonally- and working day-adjusted terms in January, following December’s 6.9% plunge and marking the tenth consecutive month of contraction.
March 12, 2020
bet360备用网址Consumer prices jumped 0.6% month-on-month in February, matching January’s rise.
March 11, 2020
bet360备用网址Consumer prices rose 0.3% month-on-month in February, down from January’s 0.4% climb.
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