Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 7 - 20 Ιουνίου 2022

ROMANIA
Massive build-up in inventories lifts GDP growth in Q1:22 (to 6.5% y-o-y from 2.4% in Q4:21)

Under the burden of record-high inflation, and given the limited policy space available, GDP growth is set to slow down markedly during the remainder of the year


BULGARIA
Political uncertainty on the rise, after ruling coalition loses no-confidence vote

Following a relatively strong start to the year (GDP, up 5.0% in Q1:22), economic growth is set to gradually lose momentum, reflecting the implications of the ongoing geopolitical tensions, especially in terms of high inflation, despite the looser fiscal policy


CYPRUS
Despite headwinds in the wake of the Russia-Ukraine crisis, real GDP growth held up well in Q1:22 (up 5.9% y-o-y against 6.4% in Q4:21)

Economic growth is set to weaken markedly in the remainder of the year, reflecting the economy’s exposure to Russia and the impact of the spike in inflation



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