Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 23 Δεκεμβρίου 2025 - 5 Ιανουαρίου 2026

TÜRKIYE
Economic momentum remained strong in Q3:25, on robust domestic demand, bringing cumulative GDP growth to a solid 3.7%.
A less stringent policy mix and normalizing agricultural output should keep FY:26 GDP broadly flat (at c. 3.7%), despite weakening support from the labour market and poor business confidence
Risks to the outlook remain tilted to the downside

BULGARIA
Just after joining the euro area, Bulgaria prepares for (another) snap election, confirming long-standing political crisis 
Although the FY:25 cash budget deficit is estimated to have remained below the threshold of 3.0% of GDP, its structure continues to raise concerns
Albeit rising, public debt remains low, mitigating financing risks

ALBANIA
Increasing labour force participation is supporting Albania’s labour supply growth, although the continued emigration (mainly of high-skilled workers) amplifies labour shortages, particularly in the construction and services sector
Economic activity remains concentrated in labor-intensive sectors with low skill requirements 
Persisting labour tightness, accompanied by skill gaps, has pushed up wage growth, adding to inflation risks and potentially jeopardizing competitiveness, although it continues to support domestic demand growth

APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT:  
        MACROECONOMIC INDICATORS