Economic Tracker

In Q1 2016, economies of the emerging European countries grew at a stable rate supported by improved private consumption, especially in the Czech Republic, Hungary, and Poland. Turkey’s growth is also supported by buoyant domestic demand, but the domestic political unrest has taken a heavy toll on the overall economy. Ukrainian economy might expe...

The Q2 2016 economic outlook for the emerging European economies shows mixed results. While domestic demand is driving the growth momentum in economies such as the Czech Republic, Hungary, and Poland, limited EU funding is likely to restrain short term growth. Turkey is also gaining momentum, political and geopolitical risks notwithstanding. Ukrain...

Significant fall in oil prices has drastically altered public spending patterns throughout the region. Growing number of countries are trying to opt for a strict fiscal measures and tax impositions to combat fiscal deficit. Increased oil production from Iran post sanctions could pose greater geopolitical risks on the region’s overall economic hea...

Middle Eastern economic growth is likely to remain somber due to the geopolitical turbulences throughout 2015 out of the collapse in oil prices as well as Iran nuclear deal. While Saudi Arabia is contemplating a loss of market share given increased oil production from Iran, The United Arab Emirates and Qatar are trying to remain resilient with impr...

Oil prices might see some signs of stabilization given the discussions between Saudi Arabia and Russia in February 2016 to freeze crude oil production. Most of the oil exporting economies in the Middle East and African region, barring Qatar and United Arab Emirates due to their well-diversified economy, ended 2015 with abysmal economic fundamentals...

Economic conditions in the Eurozone economy are set to improve in Q4 2015 driven by robust domestic demand, as private consumption is improving. The uncertainty cloud regarding Greece has settled to some extent on agreeing to a tentative bailout agreement to address its debt crisis. Exports are also reviving, prompted by a weaker Euro. Low oil pric...

Eurozone economy remains resilient with the anticipation of a steady domestic demand driven economic growth in Q4 2015 and Q1 2016. An expansionary monetary policy backed by low oil prices and a weaker Euro are expected to be the growth drivers of the region. Key industries like manufacturing and services will continue to perform well as suggested ...

In Q1 2015, the region picked up growth, owing to favorable conditions like low-oil prices, improving Eurozone economy, and global economic conditions. However, it gradually started subsiding from Q2 2015, as ongoing crisis in Ukraine, contraction in Russia, weak performance of the external sector coupled with soft growth rates in Hungary and Polan...

Depressed investor confidence and the on-going deadlock in Ukraine remain major hindrances to growth for Emerging Europe for the rest of 2015. Encouraging factors such as improved private consumption, increasing industrial production, and exports are expected to expedite the growth momentum for the Czech Republic and Poland. However, the contractio...