Δισεβδομαδιαία Επισκόπηση 18 Φεβρουαρίου – 2 Μαρτίου 2020
TURKEY
Annual GDP growth rose to a 7-quarter high of 6.0% y-o-y in Q4:19, driven by monetary stimulus and favourable base effects
The momentum is positive, but downside risks are increasing
NORTH MACEDONIA
Credit expansion remained strong in FY:19, amid an improving operating environment
Customer deposit growth maintained momentum in FY:19, due to improving confidence in the domestic economy and strong GDP growth
Residential real estate prices maintained their upward trend in FY:19
ALBANIA
The banking sector’s ROAE strengthened to 13.5% in FY:19, remaining in double digits for a 3rd consecutive year, due to lower provisioning
EGYPT
GDP growth maintained its strong momentum in Q1:19/20
Activity should pick up slightly to a 12-year high of 5.8% this fiscal year (ending in June 2019) from 5.6% in FY:18/19 -- still above the economy’s long-term potential (of 5.0%) for a 3rd successive year
The (underlying) fiscal balance improved in H1:19/20
APPENDIX: FINANCIAL MARKETS