Regional Economics and Market Strategy Monthly (Thursday, May 12, 2016)

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Regional Q1-2016 flash GDP estimates are set to confirm a good start in the year

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

• Q1-2016 flash GDP estimates are set to confirm a good start in the year
• Lax monetary policies together with sustained low world energy prices continue to provide a positive boost on growth momentum in 2016
• Consumer sentiment, services and retail trade confidence data improvement in the region

• In line with the broader EM trend, the recent rally in regional financial markets rans out of steam
• CESEE currencies reversed earlier gains,  regional FX broadly remains range-bound
• Regional government bonds under pressure on global growth worries

• Bulgaria: Further labor market conditions improvement
• Cyprus: Economic Sentiment Index reached a new post-Lehman high in April
• Romania: Debt discharge law adopted by the parliament
• Serbia: SNS-led alliance secures another landslide victory on April 24th snap general elections 

Global growth jitters weigh on emerging financial markets

Source: Bloomberg, Eurobank Research

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REGIONAL MONTHLY_APRIL2016