Economy

We retain our broadly sanguine outlook for Romania's medium-to-long term, forecasting the government's budget deficit to fall below 3% of GDP by 2013. However, financial market risk... 2011-09-13

We reiterate our 2.1% forecast for Romanian real GDP growth in 2011 and continue to see the economy accelerating to 3.3% growth next year. Underpinning our forecast for firmer growth... 2011-08-31

Although inflation has come off its highs of over 5% y-o-y earlier in the year, we expect price pressures to remain elevated for the rest of the year, and hold to our forecast of 4.5%... 2011-08-26

According to the most recent data released by the Slovenian Statistical Office, the country's unemployment rate fell to 11.4% in June. This constitutes a continuation in the decline... 2011-08-26

Industrial production growth returned to negative territory in June (-1.8% y-o-y), though this did not have a major impact on surging activity registered in earlier months. In H111... 2011-08-26

Given the poor goods and services import data seen thus far in 2011, we now believe the arguments are against a widening of Slovenia's current account deficit this year. Indeed, with... 2011-08-25

Given the poor goods and services import data seen thus far in 2011, we now believe the arguments are against a widening of Slovenia's current account deficit this year. Indeed, with... 2011-08-25

Despite June registering a slowdown in annual inflation to 1.9%, from 2.0% in May, we forecast consumer price inflation in Croatia to average 2.2% this year, up from 1.0% in 2010.... 2011-08-25

The Bosnian economy is still in the throes of recovery, buoyed by a resurgent industrial sector. With real wage growth returning to positive territory, we also expect consumer spending... 2011-08-24

Consumer price inflation in Romania fell to a 12-month low of 4.9% y-o-y in July, down significantly from the 7.9% y-o-y print observed in previous month. With inflation now moderating... 2011-08-23