Regional Economics and Market Strategy Monthly (Tuesday, October 03, 2017)

Banking, Reports — By on October 3, 2017 at 8:08 PM

Regional growth on solid footing in Q2-2017 

REGIONAL MACROECONOMIC & MARKET DEVELOPMENTS & OUTLOOK

  • Q2-2017 second GDP estimates confirm a solid footing for most of the economies of the region
  • Consumer spending revival continues unabated driven by sustained sentiment gains, eased financial conditions, tighter labor markets and robust real wage dynamics
  • Regional assets extend gains in Q3 2017
  • Regional bourses firm trailing the rally in emerging and major global stock markets
  • Emerging external debt markets extend rally firm; regional currencies modestly weaken on idiosyncratic factors
  • EM assets likely to remain range-bound into year-end as developing-economies’ fundamentals remain favorable but valuations are rich.

 COUNTRY FOCUS

  • Bulgaria: Credit activity has started accelerating 
  • Cyprus: New round of sovereign rating upgrades
  • Romania: GDP growth outperformance in the second quarter
  • Serbia: One-off factors in H1 2017 prompt downward revisions in full-year growth forecasts

Regional economies on solid footing in Q2-2017

Source: Eurostat, National Authorities, Eurobank Research

 

 

 

 

 

 

 

 

 

 

Viewers can log herebelow and read the full report:

REGIONAL MONTHLY_SEPTEMBER2017

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 3 + 4 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback