Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments.
Economies in Central and Eastern Europe ended 2023 on a weak note, but the outlook for this year looks brighter. Lower inflation and interest rates should support a recovery in domestic demand over the coming quarters.
In contrast, Turkey’s economy has continued to run hot despite recent aggressive monetary tightening. Policymakers there will need to keep interest rates high to maintain investor confidence in the orthodox policymaking shift. Finally, loose fiscal policy in Russia will continue to support demand. But that will come at the expense of keeping inflation pressure strong and prevent the central bank cutting interest rates until Q4.
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