Economic Snapshot for South-Eastern Europe
June 8, 2022
Economic growth in South-Eastern Europe set to cool in 2022
Regional growth was revised slightly upwards over the past month, as the outlook in Romania improved on a strong Q1 outturn and despite the war in Ukraine. However, regional growth will be constrained by supply chain issues, and international sanctions placed on Russia weighing on tourism and trade. Moreover, household spending will be dented by elevated inflation.
Inflationary pressures expected to increase in South-Eastern Europe
Regional inflation rose to 39.6% in April from 34.2% in March. Price pressures intensified everywhere in the region as the fallout from the war in Ukraine caused energy and food prices to spiral. Consumer prices are forecast to remain elevated this year. However, inflationary forces are expected to ease in the second half of the year.
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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: Consumer sentiment drops in June
June 22, 2022
Consumer sentiment dropped to 63.4 in June from 67.6 in May.
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Croatia: Inflation increases in May
June 16, 2022
Consumer prices increased 1.40% over the previous month in May, slowing down from the 2.70% rise logged in April.
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Bulgaria: Inflation comes in at highest level since May 1998 in May
June 15, 2022
Consumer prices rose 1.21% in May over the previous month, slowing down from April's 2.46% increase.
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Romania: Industrial activity falls at sharpest rate since June 2020 in April
June 14, 2022
Industrial output nosedived 8.7% year on year in April (March: -1.9% yoy).
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Turkey: Current account deficit narrows on an annual basis in April
June 13, 2022
The current account posted a USD 2.7 billion deficit in April, improving from the USD 5.8 billion deficit posted in March (April 2021: USD 1.5 billion deficit).
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