Regional Economics & Market Strategy Monthly (May 2015)

Banking, Finance, Markets, Reports, Shipfinance — By on May 25, 2015 at 3:13 PM
Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Upbeat Q1 GDP readings in the region boost investors’ optimism towards the region 

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

  • First quarter output performance of the region surprised to the upside
  • The revival of consumer spending is supported by lower energy costs plus higher real disposable incomes
  • To make this growth momentum last, it is essential to reinvigorate investments
  • Most regional central banks to remain accommodative for the remainder of the year 

REGIONAL MARKET DEVELOPMENTS & OUTLOOK

  • Emerging bourses remain underpinned by ECB’s QE, scaled back Fed rate hike expectations and optimism about further stimulus measures in China
  • Being largely influenced by domestic developments,  regional stock markets have presented a rather mixed picture over recent weeks
  • Government bond yields rise trailing the recent sell-off in core Eurozone and US bond markets

COUNTRY FOCUS

  • Bulgaria: GDP growth gained momentum in the first quarter
  • Cyprus: Successful tapping of international markets through a new 7Y issuance
  • Romania: Front-loaded food VAT rate cut will push inflation in negative territory
  • Serbia: Staff-level agreement with the IMF reached in the context of the SBA’s first review

Viewers can log herebelow and read the full report:

REGIONAL MONTHLY MAY15

Tags: , , , , ,

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 12 + 5 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback