Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 10 - 23 January 2023

ROMANIA
Romania saw a robust GDP growth rate in FY:22 (up by an estimated 4.8%), on resilient domestic demand against a challenging backdrop
GDP growth is set to slow significantly in the period ahead, dragged down by weakening private consumption and net exports 

SERBIA
In view of persistent inflationary pressures, the NBS is expected to maintain its tightening bias at least until end-Q1:23
While GDP growth remained resilient in H1:22 (up 4.0% y-o-y), it slowed abruptly in H2:22 (to just 0.7% y-o-y), with a contraction recorded in all sectors, except for services

EGYPT
The EGP depreciates sharply (again) as Egypt continues with its transition to a flexible exchange rate regime, despite the massive hike in its key rate

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