Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 24 Μαΐου - 6 Ιουνίου 2022

TURKEY
Despite the sharp depreciation of the TRY and concomitant skyrocketing inflation, economic growth remained resilient in Q1:22 (GDP, up 7.3% y-o-y)

With the implications of the Russia-Ukraine conflict looming over the already beleaguered economy, the outlook for the remainder of the year appears bleak -- despite accommodative policies -- as the evolving global crisis exposes Turkey’s key macroeconomic vulnerabilities


SERBIA
The implications of the Russia-Ukraine crisis dampened GDP growth in Q1:22

GDP growth is set to ease further during the remainder of the year, reflecting surging inflation and weaker external demand


ALBANIA
The banking sector’s ROAE strengthened to 12.9% in FY:21, remaining in double digits for a 5th consecutive year, due to lower provisioning

The challenging economic environment is set to test the banking sector’s profitability in FY:22



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