Regional Economics and Market Strategy Monthly (Thursday, May 12, 2016)

Banking, Reports — By on May 12, 2016 at 3:22 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 Q1-2016 flash GDP estimates are set to confirm a good start in the year

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

  • Q1-2016 flash GDP estimates are set to confirm a good start in the year
  • Lax monetary policies together with sustained low world energy prices continue to provide a positive boost on growth momentum in 2016
  • Consumer sentiment, services and retail trade confidence data improvement in the region

REGIONAL MARKET DEVELOPMENTS & OUTLOOK

  • In line with the broader EM trend, the recent rally in regional financial markets rans out of steam
  • CESEE currencies reversed earlier gains,  regional FX broadly remains range-bound
  • Regional government bonds under pressure on global growth worries

COUNTRY FOCUS

  • Bulgaria: Further labor market conditions improvement
  • Cyprus: Economic Sentiment Index reached a new post-Lehman high in April
  • Romania: Debt discharge law adopted by the parliament
  • Serbia: SNS-led alliance secures another landslide victory on April 24th snap general elections 

Global growth jitters weigh on emerging financial markets

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Source: Bloomberg, Eurobank Research

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REGIONAL MONTHLY_APRIL2016

 

 

 

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