Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 17 - 30 Οκτωβρίου 2023

Countries in Focus in this Issue: Albania & Egypt

ALBANIA
Although it has lost steam, economic activity in Albania should continue to grow at a healthy pace over the next quarters, thanks to resilient private consumption and robust tourism activity
The high manufacturing capacity utilization rate bodes well for a rebound in investment as soon as macroeconomic conditions allow
The (albeit distant) prospect of EU membership should help strengthen the reform drive

EGYPT
Egypt’s downgrade by S&P and Moody’s corroborate the view that time is running out for authorities to enact necessary -- yet painful -- structural reforms 
However, authorities will most likely delay any adjustment until after the December Presidential election
Risks to the economic outlook are further exacerbated by the uncertain geopolitical backdrop

 

APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT: MACROECONOMIC INDICATORS & FINANCIAL MARKETS

 

Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 17 - 30 Οκτωβρίου 2023
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