Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 14 - 27 Μαΐου 2024

TÜRKIYE
In light of stubbornly high inflation, the CBRT is set to maintain its tightening bias until late-2024
TRY appears to be winning back investors’ confidence
Türkiye braces for a soft landing, as tightening financing conditions take hold and public purse strings tighten

SERBIA
Against the backdrop of restrictive monetary policy, disinflation continues, but at a slow pace, reflecting fading favourable base effects
Headline inflation is set to ultimately consolidate within the NBS’s target range (of 3±1.5%) in H2:24
Monetary policy is envisaged to remain cautious, given inflation risks and ample liquidity in the banking system

ALBANIA
Albania emerges as Europe’s fastest-growing tourism destination, with the sector’s share to GDP reaching an estimated whopping 28.0% in FY:23 from 21.6% in FY:22
Albania has been receiving not only a growing number of tourists from neighbouring countries and vacationing emigrants, but also (higher-spending) EU tourists (especially from Italy) attracted by its low prices

APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT:  
        MACROECONOMIC INDICATORS
        FINANCIAL MARKETS