Economic Snapshot for South-Eastern Europe
January 11, 2022
Economic growth in South-Eastern Europe set to cool this year
Regional growth is set to cool this year amid a tougher base of comparison. Even so, healthier demand and output expectations due to normalizing economic conditions should see underlying economic momentum firm. However, weakened fiscal metrics and debt burdens in some countries pose downside risks, while lingering Covid-19 uncertainty further weighs on prospects.
Inflationary pressures expected to ease in South-Eastern Europe
Regional inflation rose from 12.6% in October to 13.7% in November, amid widespread price increases on the back of higher energy prices and recovering demand. Turning to this year, inflationary pressures are expected to ease somewhat due to the fading impact of supply-side constraints and a favorable base effect, particularly in H2.
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5 years of South-Eastern Europe economic forecasts for more than 30 economic indicators.
South-Eastern Europe Economic News
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Turkey: Business confidence rises in January
January 25, 2022
Business confidence rose to 109.5 in January from December’s over one-year low of 106.1.
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Turkey: Consumer sentiment ticks up in January
January 21, 2022
Consumer confidence rose to 73.2 in January from December’s record-low of 68.9.
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Turkey: Central Bank stands pat in January
January 20, 2022
At its first meeting of the year on 20 January, the Monetary Policy Committee of the Central Bank of Turkey held fire and left the one-week repo rate unchanged at 14.00%.
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Greece: Unemployment rate inches down in November
January 19, 2022
The number of unemployed workers increased by 3,551 in November, compared to October, while the seasonally-adjusted unemployment rate edged down to 13.3% from 13.4% in October.
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Croatia: Inflation comes in at highest level since October 2008 in December
January 17, 2022
Consumer prices were flat from the previous month in December, after the 0.75% increase recorded in November.
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