TURKEY
External rebalancing pauses in January
Unemployment rate rises to a 5-year high of 10.3% in FY:15
ROMANIA
Real GDP growth reaches a 7-year high of 3.7% in FY:15
BULGARIA
Real GDP growth climbs to a 7-year high of 3.0% in FY:15
SERBIA
Economic activity recovers in FY:15 (up 0.7% y-o-y) but falls short of compensating for the flood-related decline in FY:14
FYROM
Headline inflation declines to 0% y-o-y in February from 0.1% in January, due to higher energy deflation
Fiscal performance improves slightly in January, with the 12- month rolling budget deficit narrowing to 3.5% of GDP
ALBANIA
Headline inflation eases sharply to 0.2% y-o-y in February, supported by a sharp correction in food prices
The cycle of monetary policy easing has likely come to an end
CYPRUS
Growth returns to positive territory in FY:15 (1.6%), following 3 years of recession
EGYPT
Headline inflation eases by 1.0 pp to 9.1% y-o-y between January and February
The CBE is expected to resume its cycle of monetary policy tightening at its March 17th MPC meeting
APPENDIX: FINANCIAL MARKETS