Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 28 November - 11 December 2023

TÜRKIYE
Türkiye braces for a soft landing, as tightening financing conditions take hold 
Authorities still have a long way to go before Türkiye’s imbalances get effectively unwind 
Worryingly, the political factor is expected to remain at play at least until the March ’24 local elections
 
EGYPT
Incumbent President A. F. Al-Sisi easily secures a new term 
The completion of the election should pave the way for FX flexibility, unlocking much-needed financing from IFIs and bilateral creditors
Risks to economic outlook are exacerbated by geopolitical uncertainties 


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