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Rally in EM assets stalls amid US elections
Regional Economics and Market Strategy Monthly (Tuesday, November 15, 2016)
Regional recovery on track in Q3-2016
REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK
- Q3-2016 flash GDP estimates are expected to demonstrate that the economies of the region remained in good shape
- Private consumption in the driver’s seat on improved sentiment, rising real wages, firmer labor markets and low inflation
- Limited room for further monetary and fiscal stimulus
REGIONAL MARKET DEVELOPMENTS & OUTLOOK
- Rally in regional financial markets stalls following the US Presidential election
- CESEE bourses outperformed other EM markets on stronger economic fundamentals, closer links to the Euro area and lower USD funding needs
- Regional currencies and rates markets lost ground on rising risk aversion
COUNTRY FOCUS
- Bulgaria: Early Parliamentary elections ahead
- Cyprus: S&P and Fitch sovereign credit rating upgrades
- Romania: CHF loan conversion adopted
- Serbia: Economic recovery continued through to Q3 2016
Viewers can log herebelow and read the full report:REGIONAL MONTHLY_OCTNOV2016
