Εβδομαδιαία Επισκόπηση 5-11 Ιανουαρίου 2016

​TURKEY

Headline inflation rises to a 13-month high of 8.8% y-o-y in December

An across-the-board improvement in the current account, for a second consecutive month, in November

ROMANIA

Significant fiscal consolidation in 11M:15, with the 12-month rolling deficit narrowing to 1.0% of GDP in November

BULGARIA

Significant fiscal consolidation in 11M:15, with the 12-month rolling budget deficit moderating to 2.2% of GDP

SERBIA

IMF Executive Board completes the 3rd review of the ongoing 3-year EUR 1.2bn precautionary SBA

Significant external rebalancing in 10M:15

FYROM

The CAD narrows by 0.8 pps y-o-y to 0.2% of GDP in 10M:15, on the back of a better trade performance

ALBANIA

Significant fiscal consolidation in 11M:15, due to expenditure restraint

CYPRUS

One necessary prior action remains for the disbursement of the final tranche of the Troika's financial assistance

The current account deficit widens by 0.6 pps y-o-y to 3.9% of GDP in 9M:15

EGYPT

The quarterly current account deficit widens sharply in Q1:15/16 in the absence of cash and commodity grants from Gulf countries

APPENDIX: FINANCIAL MARKETS