Regional Economics and Market Strategy Monthly (Thursday, December 03, 2015)

Associations, Banking, Company Profiles, Finance, News, Person Profiles, Reports — By on December 3, 2015 at 1:43 PM

WP_20150523_055Regional markets outperform on expectations for further ECB easing 

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

  • Most regional economies record strong GDP growth readings in Q3 2015
  • Regional economies supported by accommodative monetary policies,  improved absorption of EU funds and low world commodity prices
  • Lower world energy prices maintain inflationary pressures subdued, supporting real disposable  incomes and providing more flexibility to corporate and household balance sheets in the short-term 

REGIONAL MARKET DEVELOPMENTS & OUTLOOK

  • Emerging stock markets under pressure on increased expectations for a Fed rate hike in December; regional markets outperform on expectations for further ECB monetary stimulus
  • CESEE FX markets affected by (geo) political developments in the broader region
  • Regional sovereign debt markets supported by accommodative monetary policies
  • ECB and Fed meetings in December key for regional markets performance ahead

COUNTRY FOCUS

  • Bulgaria: Fiscal consolidation postponed for next year
  • Cyprus: GDP growth strengthened in Q3 2015
  • Romania: New technocratic government sworn in mid-November
  • ·   Serbia: Q3 2015 GDP data signal continuation of domestic economic recovery

Regional strong growth momentum sustained in Q3-2015

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Source: Bloomberg, Reuters, National Authorities, Eurobank Research

Viewers can read the full report herebelow:

REGIONAL MONTHLY NOVEMBER2015

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