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Bi-Weekly Report 25 June-8 July 2019

10/07/2019 - Reports

Southeastern Europe and Mediterranean Emerging Market Economies; --Weekly Report

TURKEY
President R. T. Erdoğan dismisses central bank Governor over policy disagreement
Headline inflation eased for a 4th consecutive month to a 12-month low of 15.7% y-o-y in June from 18.7% in May
   
BULGARIA
Solid private consumption, together with strongly supportive base effects, pushed up GDP growth to a post-crisis high of 4.8% y-o-y in Q1:19 
  
NORTH MACEDONIA
Fitch upgraded North Macedonia's long-term sovereign credit rating by 1 notch to "BB+" (1 notch below investment grade) with a stable outlook
GDP growth accelerated to a 9-quarter high of 4.1% y-o-y in Q1:19, driven by gross capital formation 
   
ALBANIA
The June 30th local elections deepened the rift between the Government and the opposition
The pace of GDP growth moderated to 2.2% y-o-y in Q1:19, as the impact from the past year's spike in energy production fades
 

APPENDIX: FINANCIAL MARKETS