Economic Snapshot for South-Eastern Europe
July 6, 2021
Economic growth in South-Eastern Europe seen picking up this year
Regional economic activity is set to pick up this year as progress on the vaccination front facilitates the easing of restrictive measures. While growth expectations have been revised upwards in recent months, the outlook is still clouded by sluggish labor markets and pandemic-related uncertainty amid the emergence of new variants of Covid-19.
Inflationary pressures continue to build in South-Eastern Europe
Inflationary pressures continued to build in most of the region in May on the back of higher commodity prices, particularly for oil. However, regional inflation was stable at April’s 9.2% in May as price pressures softened in Turkey. This year, regional inflation should rise, but large output gaps and a stable euro will limit upward pressures.
5 years of South-Eastern Europe economic forecasts for more than 30 economic indicators.
South-Eastern Europe Economic News
July 30, 2021
Industrial output increased 4.4% year-on-year in June (May: +9.4% yoy).
July 29, 2021
Industrial production growth moderated to 8.3% in annual terms in June, following May’s 15.8% rise.
July 26, 2021
Turkish business confidence rose from an over seven-year high of 113.0 in June to an over 14-year high of 114.8 in July, likely boosted by the further reopening of the economy at the start of the month.
July 19, 2021
Consumer confidence fell to 79.5 in July from June's 81.7.
July 16, 2021
Consumer prices flatlined in June over the previous month, which was below May's 0.19% increase.
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