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