TÜRKIYE
The CBRT continues to hike rates aggressively, with the end of the cycle, however, being not far away
The central bank’s hawkish turn has been welcomed by investors, with S&P revising its outlook on Türkiye to “stable” from “negative”
BULGARIA
Strong (EU-funded) investment activity and resilient private consumption should underpin economic growth in the period ahead
Political stability is key to economic growth
Euro adoption to be delayed at least until 2025
APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT: MACROECONOMIC INDICATORS & FINANCIAL MARKETS
Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 3 - 16 October 2023