Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 1 - 14 April 2025

TÜRKIYE
Limited impact by US tariffs on domestic economy and potential competitiveness gains as the rate applied is at the low end of the reciprocal tariff spectrum 
Political tensions prompt a temporary pause in the CBRT’s      easing cycle


NORTH MACEDONIA
Against the backdrop of lower inflation, which enabled the central bank to start cutting rates, GDP growth picked up to 2.8% in FY:24 from 2.1% in FY:23
Despite the poor outlook for exports, due to global trade tensions, GDP growth should firm to c. 3.0% -- slightly below its long-term potential -- over the medium-term (with risks largely tilted to the downside), on stronger, more balanced, domestic demand


ALBANIA
The transformation of the economy’s growth model and resulting structural improvement of its external position, combined with fiscal prudence and acceleration of reforms under ongoing EU accession process, underpin Albania’s economic prospects



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