Solid regional growth in Q4:15 spurs optimism for 2016 prospects

Associations, Banking, Finance, Markets, Statistics, Stock Markets, Trade and Commerce — By on March 3, 2016 at 12:45 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

Regional Economics and Market Strategy Monthly (February, 2016)

Solid regional growth in Q4:15 spurs optimism for 2016 prospects

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

  • Strong finish for the region in Q4-2015 despite headwinds in the EM space
  • Sustained low world energy prices provide a positive, albeit probably smaller than last year, boost on growth momentum in 2016
  • Economic sentiment in the region in the first two months of 2016 still at its highest or close to the highest level since 2008

REGIONAL MARKET DEVELOPMENTS & OUTLOOK

  • Despite some improvement in global investor sentiment,  February proved to be yet another month of increased market volatility and risk aversion
  • Regional currencies remained supported by expectations for further ECB stimulus, healthy growth prospects
  • Local-currency government bonds retained a firm tone on subdued inflation pressures, ECB easing

COUNTRY FOCUS

  • Bulgaria: Economy ended the previous year on a strong note
  • Cyprus: Economy out of the woods
  • Romania: Surprise inflation reading in January
  • Serbia: Delays in this year’s fiscal consolidation measures likely ahead of the snap general elections

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Solid growth momentum sustained in Q4-2015

Source: National Statistics, Eurobank Research

Viewers can log herebelow and read the full report:

REGIONAL MONTHLY FEBRUARY 2016

 

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