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Regional Q1-2016 GDP estimates confirmed a good start in the year

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

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

Regional Economics and Market Strategy Monthly (Thursday, June 16, 2016)

Regional Q1-2016 GDP estimates confirmed a good start in the year

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

  • Q1-2016 second GDP estimates confirmed 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 throughout 2016
  • Strong retail trade confidence data improvement in the region

REGIONAL MARKET DEVELOPMENTS & OUTLOOK

  • Investor sentiment is being constrained by the looming UK referendum
  • Most CESEE currencies also lost ground, with idiosyncratic factors also at play
  • The UK’s referendum takes centre stage in June

COUNTRY FOCUS

  • Bulgaria: Strong growth momentum sustained in Q1-2016
  • Cyprus: Parliamentary elections result in a more fragmented new parliament
  • Romania: Stronger than expected Q1-2016 GDP estimate
  • Serbia: Economic activity picks up further pace, led by investments and exports

Viewers can log herebelow and read the full report:

REGIONAL MONTHLY_MAY-JUNE2016

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