Czechia Watch: November inflation remains below 3%

Martin KRON DECEMBER 11, 2024 08:30 CET

Year-on-year inflation remained within the CNB's tolerance band even in November. Our and market estimates anticipated an increase to 3% with a potential risk of rising above this level. However, November inflation ultimately remained at 2.8%, the same as in October.

Read More

B&H Watch: Disinflation continues

Ivona ZAMETICA NOVEMBER 28, 2024 15:43 CET

Inflation in B&H for Jan-Oct 2024 (+1.7% yoy avg) continued to decelerate, led by stabilization in the food, housing, and transport segments. Prices were elevated only in services. However, B&H is still reporting the lowest level of inflation in the SEE.

Read More

Croatia Watch: Solid growth goes on

Zrinka ZIVKOVIC-MATIJEVIC NOVEMBER 27, 2024 13:05 CET

In Q3 Croatia continued to record solid GDP growth rates, ranking among the highest in the EU. Economic activity remains strongly supported by domestic demand, particularly personal consumption and investments, while net foreign demand continues to exert a counterbalancing effect.

Read More

Ukraine Watch: Monthly update – economy in war (November 2024)

Oleksandr PECHERYTSYN NOVEMBER 22, 2024 08:00 CET

Business sentiment turned out to be better than expected, with the service sector reporting a stronger-than-expected performance. Nevertheless, inflation continued to rise quite sharply in October, fueling fears of a key policy rate hike. However, most members of the monetary committee see this as temporary and expect the key policy rate to stabilize. The fall in foreign exchange reserves in October was also temporary, but we have seen a widening of imbalances in the FX market in recent months

Read More

US-Tariffs: Costs and threats for Europe

Gottfried STEINDL NOVEMBER 20, 2024 10:41 CET

Under the tariff regime introduced by the first Trump administration, European exports development of steel and aluminium products to the US clearly lagged behind those to the rest of the world. Trump's demand for a 10% universal tariff on all goods imports would probably have a noticeable, but not decisive, impact on goods exports and GDP in the euro area. The biggest risk is that Trump's logic of universal import tariffs will become general policy and lead to a spiral of ever higher reciprocal tariffs.

Read More

The Green Deal - 11/24 (EN) #responsiblebanking

Jörg BAYER NOVEMBER 14, 2024 11:12 CET

So far, European regulation seemed to be the biggest hurdle for the European ESG market. With Trump, the headwind for sustainable transformation is likely to increase again. On the market side, Greeniums are already a rarity, as the German twin bonds recently demonstrated again. Europe's EV battery darling and issuer of Europe's largest green loan, Northvolt, is once again drawing attention to the credit risk embedded in ESG products. In addition, Hurricanes Helene and Milton are putting the niche asset class of catastrophe bonds in the spotlight, which offer a direct link to hedging physical ESG risks.

Read More

Romania Watch: Large external imbalances persist

Nicolae COVRIG NOVEMBER 13, 2024 16:30 EET

Current account deficit widened to 7.5% of GDP in Jan-Sep 2024 from 7% of GDP in 2023. The enlargement was fuelled by increase of foreign trade deficit as weak external demand hampered exports' growth and solid increase in domestic demand inflated imports.

Read More