CYPRUS
Independent N. Christodoulides wins Presidential election runoff
Broader policy continuity is expected under Christodoulides’ term, with new Government having to speed up RRF-related reforms and address the cost-of-living crisis, while facing the challenge to resume reunification talks
ALBANIA
GDP growth is estimated to have moderated in FY:22 (to a still robust 4.2% from 8.5% in FY:21), following the elimination of positive base effects (related to strong post-earthquake reconstruction activity, the re-opening of the heavily-weighted tourism sector from COVID-19 lockdown and a weather-induced spike in hydroelectric power production)
Elevated inflation, together with weakening external demand and a tighter policy mix, should push economic growth lower in FY:23
APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT: MACROECONOMIC INDICATORS & FINANCIAL MARKETS