Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 6 - 19 Φεβρουαρίου 2024

Countries in Focus in this Issue: Türkiye & Cyprus

TÜRKIYE
Having signaled the end of its aggressive hiking cycle (up 3,650   bps since June), the CBRT maintained rates unchanged at a (2-decade) high of 45.0% at its February meeting, while hanging    on to hawkish bias 
The first policy rate cut is expected in late-2024, when inflation is projected to return to a sustained downtrend
Against the backdrop of tightened financing conditions, GDP growth is set to moderate to 3.0% in FY:24 on weaker private consumption


CYPRUS
Following another year of robust performance, tourism activity nearly returned to its pre-pandemic level in FY:23
Nonetheless, subdued economic growth in the EU and a highly uncertain regional geopolitical backdrop are due to weigh on tourist inflows this year 


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

 

Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 6 - 19 Φεβρουαρίου 2024
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