Economic Analysis - Strong Domestic Economy Warranting More Tightening - 21 AUG 2017
Emerging Markets Monitor August 2017 / Czech Republic / Economy
The Czech National Bank (CNB) will continue its tightening cycle in 2018, after it scrapped its exchange rate floor in April and raised rates in August. The Czech labour market is extremely tight...
Economic Analysis - Quick View: Strong Q2 GDP, But Headwinds Remain - 21 AUG 2017
Emerging Markets Monitor August 2017 / Russia / Economy
Russian real GDP growth accelerated to 2.5% y-o-y in Q217 according to preliminary estimates from the Federal Statistics Office, beating consensus expectations of 1.7%.
Economic Analysis - Strong H117 Warrants Upgrade - 21 AUG 2017
Emerging Markets Monitor August 2017 / Kazakhstan / Economy
With Kazakhstan's economic recovery progressing at a faster pace than expected, we have revised up the country's short-term growth outlook. We also note significant upside for the economy over the...
Currency Forecast - PLN: Technicals And Fundamentals Supporting Rebound - 21 AUG 2017
Emerging Markets Monitor August 2017 / Poland / Finance
The Polish zloty (PLN) will receive tailwinds from a widening real interest rate differential over the eurozone in the short term, following some downside pressures in mid-2017. In the long term...
Currency Forecast - KZT: Foreign Investment To Fuel Long Term Appreciation - 21 AUG 2017
Emerging Markets Monitor August 2017 / Kazakhstan / Finance
Abating depreciatory pressures will see the Kazakh tenge stabilise over the short term, and we believe that the unit is set up for further appreciation over the longer term. This will be primarily...
Economic Analysis - Strong Wage Growth Supporting Consumer Outlook - 24 JULY 2017
Emerging Markets Monitor July 2017 / Poland / Economy
Real wage growth in Poland will remain strong on the back of a tight labour market, low inflation, and solid growth of investment and productivity. In combination with a record high employment rate, the outlook for household consumption growth is particularly strong in 2017-18.
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Economic Analysis - Pension Reform Calms Political Uncertainty As IMF Loan Disbursal Nears - 24 JULY 2017
Emerging Markets Monitor July 2017 / Ukraine / Economy
Having passed the crucial pension reform, political uncertainty regarding Ukraine's structural reform commitment and potential early elections will subside over the coming quarters. Additionally...
Currency Forecast - Currency Roundup: EUR And GBP Rally Running Out Of Steam, RUB And TRY To Underperform - 24 JULY 2017
Emerging Markets Monitor July 2017 / Europe / Finance
Aside from the Turkish lira and the Romanian leu, European currencies have generally performed well on a year-to-date basis. Both the British pound and the euro have made significant gains against...
Economic Analysis - Quick View: New PM's Fiscal Overhaul Raises Red Flags - 10 JULY 2017
Emerging Markets Monitor July 2017 / Romania / Economy
Romania's parliament endorsed the new cabinet of Prime Minister Mihai Tudose with 275 votes to 102 on June 29.
Industry Forecast - Banking Sector: Robust Credit Growth Masking Vulnerabilities - 10 JULY 2017
Emerging Markets Monitor July 2017 / Turkey / Economy
Credit growth in Turkey will expand at a robust pace in the years ahead, largely on account of several government programmes designed to boost lending. However, we highlight the risks to the bankin...