Economy

According to Albania's National Institute of Statistics (INSTAT), registered unemployment in the first quarter of 2011 rang in at 13.4%. The print was down only marginally from the... 2011-07-26

With Slovenia still locked in the grips of disinflation, and crucially with core price inflation still in negative territory, we note the growing risk of deflation occurring at some... 2011-07-25

Macedonia's economic recovery took an important step forward in the first quarter of 2011, with real GDP expanding by an impressive 5.1% y-o-y. We expect growth to ease in the coming... 2011-07-25

According to the most recent data released by the Statistics Office, the unemployment rate continued to fall in the first months of the year (albeit at a gradual pace) reaching 11.6%... 2011-07-25

Bulgaria's industrial production index rose by 7.8% year-on-year (y-o-y) in May. This represented a slowdown in growth over April's figure when industrial production rose by 9.8% on... 2011-07-22

We expect unemployment in Croatia to edge lower to 16.5% by the end of this year. Joblessness remains stubbornly high, coming in at 17.5% in May, on account of the weak economic recovery.... 2011-07-22

According to the most recent data released by the CBRT, gross foreign exchange reserves held by the central bank increased to US$92.7bn in June, approximately 30% higher than the US$71.0bn... 2011-07-21

Consumer price inflation dipped to 7.9% y-o-y in June, down from 8.4% in May. We retain our forecast for no interest rate hikes to be delivered by the National Bank of Romania (NBR)... 2011-07-20

Half-way through 2011, we believe that central banks have mostly responded appropriately to inflationary pressures, paving the way for a shifting focus protecting economic recoveries.... 2011-07-05

We have raised our annual average inflation target to 4.5%, up from a previous 3.5%. If food and fuel prices continue to rise more than expected, we see room for further upward adjustments... 2011-06-24