Weekly Report 5 - 11 July 2016

TURKEY

Customer deposits (FX-adjusted) gain momentum in H1:16, underpinned by higher TRY remuneration rates

Lending activity (FX-adjusted) slows in H1:16, due to tighter credit conditions

 

ROMANIA

The 12-month rolling budget deficit widens markedly to 2.4% of GDP in May from 1.5% in December

 

BULGARIA

Labour market conditions tighten further in Q1:16

Tourism sector recovers strongly in 4M:16, sustaining economic growth

 

SERBIA

External rebalancing continues in 4M:16, with the current account deficit easing to a 14-year low of 4.0% in April (on a12-month rolling basis), supported by favourable energy prices and buoyant exports

 

FYROM

Current account deficit remains unchanged at 1.1% of GDP, on an annual basis, in 4M:16

 

ALBANIA

Significant fiscal consolidation in 5M:16, due to a strong tax revenue performance as well as expenditure restraint

 

CYPRUS

The decline in real estate prices slow further to 1.8% y-o-y in Q1:16

Headline deflation remains broadly stable at -2.3% y-o-y in June

 

EGYPT

Current account deficit widens sharply in the first nine months of the fiscal year, due to a sharp decline in both official and private transfers, as well as in tourism receipts

 

APPENDIX: FINANCIAL MARKETS

Weekly Report 5 - 11 July 2016
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