Bi-Weekly Report 10-23 January 2017

Turkey

Political and economic uncertainty to intensify ahead of a referendum on a contentious constitutional reform package

Implicit tightening to continue at least until the early-April referendum

Headline inflation to remain stubbornly high, ending 2017 at 8.2% y-o-y

        

Romania                                                                                   

A new Government takes office

Tax cuts keep headline inflation in negative territory for a second consecutive year in 2016 (-0.5% y-o-y at end-year against -0.9% at end-2015)

        

Bulgaria

Weak domestic demand contains headline inflation in 2016

Leading indicators point to sustained growth in Q4:16

        

Serbia

The IMF Executive Board completes the 6th review of the ongoing 3-year EUR 1.2bn precautionary SBA

Headline inflation remains persistently low, ending-2016 at 1.6% y-o-y, due to favourable prices of fruit and vegetables

           

FYROM

End-year headline inflation to enter positive territory, for the first time in four years, in 2017

The 2016 Budget likely outperforms its target, despite large election-related slippage in December

        

Albania

The Constitutional Court ruling paves the way for the implementation of the vetting law in early-February

Headline inflation continues on an upward trend for a second successive year; but remains below its target of 3.0%

 

Cyprus

End-year headline inflation to turn positive for the first time in five years in 2017

The current account deficit narrows significantly by 1.4 pps y-o-y to 0.4% of GDP in 9M:16, on the back of a sharp improvement in the balances of ships and services

        

Egypt

End-year headline inflation rises to a 3-decade high of 23.3% y-o-y in 2016 from 11.1% in 2015, mainly due to the flotation of the domestic currency and cuts in energy subsidies

The quarterly current account deficit widens sharply in Q1:16/17 to 6% of GDP on a 12-month rolling basis; but was more than covered by a stronger capital and financial surplus

 

Appendix: Financial Markets

Bi-Weekly Report 10-23 January 2017
Download
Close

Contact Us

We are always ready to respond to your requests for information or to answer your questions about our products and services.

Request more information

Please complete the following details so we can provide you the information you need. In case of fraud, please contact our call center directly at 210 484 8484.
Optional custom content that replaces the the entire default content.
back-to-top