Δισεβδομαδιαία Επισκόπηση 6-19 Μαρτίου 2018
Turkey
The fiscal performance became more expansionary in 2M:18
The seasonally-adjusted unemployment rate declined for a 4th consecutive quarter in Q4:17 (to 10.1%)
Romania
Economic growth reached a post-global crisis high of 7.0% in 2017 against 4.8% in FY:16
Public debt financing costs to rise in FY:18
Bulgaria
Economic growth remained solid in FY:17, up 3.6%
The labour market tightened further in Q4:17
Serbia
Activity slowed temporarily in FY:17 (up 1.9%), mainly due to unfavourable weather conditions
The NBS unexpectedly proceeded with an additional 25 bp cut of its central rate to 3.25%
FYROM
Economic activity recovered for a second consecutive quarter in Q4:17 (up 1.2% y-o-y), supported by the dissipation of domestic political uncertainty
Labour market conditions tightened further in FY:17, despite economic stagnation
Albania
General elections led to a more expansionary fiscal policy in FY:17
Cyprus
The economic recovery accelerated in FY:17, with GDP growth reaching a post-crisis high of 3.9%
The unemployment rate continued on its downward trend, reaching a 6-year low of 11.0% in FY:17
Egypt
Headline inflation declined to 14.4% y-o-y in February, permitting the Central Bank to proceed with another 100 bps cut of its key rates at its March 29th MPC meeting
The tourism sector continued its recovery in Q2:17/18, mainly supported by a cheaper domestic currency and improved security conditions
Appendix: Financial Markets