Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 21 March - 3 April 2023

Countries in Focus in this Issue: Bulgaria & Egypt

BULGARIA
Elections deliver another hung Parliament, failing to end political uncertainty
A still tight labour market, supporting nominal wage growth, and resilient exports should help prevent a hard landing for the economy in FY:23

EGYPT
Surging inflation and strong underlying pressures on the EGP prompt the CBE to hike rates further
The CBE is set to maintain its tightening bias to help close the large external financing gap
Tightening financing conditions could pose risks to financial stability


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

 

Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 21 March - 3 April 2023
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