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