Economy

We have lowered our forecast for GDP growth in 2012 again, now targeting a 2.2% expansion, rather than the previous 3%. There remain downside risks to this forecast, as regional headwinds... 2012-02-28

Bosnian economic growth will slow this year on the back of the eurozone sovereign debt crisis which will erode demand for exports. Indeed, although the direct financial fallout from... 2012-02-28

Romania's current account deficit in 2011 came in at EUR5.7bn, slightly above our EUR5.2bn estimate. This represented a widening of 3.0% compared to the EUR5.5bn current account deficit... 2012-02-24

Consumer price inflation in Bulgaria has continued to slow to 1.9% y-o-y in January 2012, from 2.0% y-o-y in December 2011. We expect the current trend of disinflation to continue... 2012-02-24

Unemployment in Turkey continued its downward trend towards the end of 2011, hitting 9.3% on a seasonally adjusted basis in November, down from 10.6% at the start of the year. On an... 2012-02-23

Albania's relatively low level of trade and financial integration with Western Europe will not protect its economy from the marked deterioration that has occurred in eurozone macroeconomic... 2012-02-20

Although the Albanian economy accelerated in the third quarter of 2011, we remain downbeat on the country's growth outlook given subdued dynamics in domestic demand and the unreservedly... 2012-02-15

Bulgaria's international currency reserves excluding gold increased to EUR11.0bn in December, from EUR10.8bn in November. In month-on-month terms this means foreign currency reserves... 2012-01-31

Industrial production growth came in at 0.3% y-o-y in November, bringing the year-to-date average to 3.1% (down from 4.3% over the January-August period). While we estimate average... 2012-01-31

Romania's official reserves increased to EUR37.3bn in December, from EUR36.0bn in November. The country's international foreign currency reserves (excluding gold) also increased by... 2012-01-30