Home Markets Regional Economics and Market Strategy Monthly (Thursday, July 13, 2017)

Regional Economics and Market Strategy Monthly (Thursday, July 13, 2017)

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Regional assets broadly extend gains in H1 2017

REGIONAL MACROECONOMIC & MARKET DEVELOPMENTS & OUTLOOK

  • Q1-2017 second GDP estimates confirm a solid start for the economies of the region
  • Consumer spending revival continues unabated driven by sustained sentiment gains, eased financial conditions, tighter labor markets and robust real wage dynamics
  • Regional assets extend gains in H1 2017
  • Regional bourses firm in line with the move higher in emerging and major global stock markets
  • Emerging external debt markets also firm; regional currencies remain range-bound
  • Major CB rhetoric & global growth reality vs. perception divergence to set the tone for EM assets ahead

COUNTRY FOCUS

  • Bulgaria: The incoming government has vowed to push for ERM2 application
  • Cyprus: New bond issuance allows for streamlining of debt repayments in 2019-2020
  • Romania: Swift end to the looming political crisis
  • Serbia: New government expected to continue previous administration’s policies

Viewers can log herebelow and read the full report: REGIONAL MONTHLY_JUNE-JULY2017

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