TÜRKIYE
The CBRT cut its key rate by 50 bps (to 8.5%) to mitigate the fallout from the devastating earthquakes
In light of elevated external imbalances, the expansionary monetary policy pursued by authorities could feed market volatility and potentially require adjustment
SERBIA
Serbia & Kosovo agree on EU plan to normalize long-strained relations, but uncertainty is unlikely to ease soon
Against the backdrop of high inflation, weak external demand from the EU and elevated uncertainty, GDP growth is set to remain subdued in FY:23, at 2.3%, unchanged from FY:22, despite the envisaged fading out of negative supply-side base effects
APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT: MACROECONOMIC INDICATORS & FINANCIAL MARKETS
Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 21 February - 6 March 2023