Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 23 May - 5 June 2023

TÜRKIYE
President Erdoğan wins run-off vote, extending his rule into a 3rd decade 
Erdoğan is set to maintain a firm grip on power, deepening political polarization
Economic adjustment is on the cards; yet, we expect to be gradual and cautious


SERBIA
Under the pressure of high inflation and tightened financing conditions, the Serbian economy should remain on a weak footing throughout FY:23
The political factor has come into the forefront




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