Αναδυόμενες Αγορές Νοτιοανατολικής Ευρώπης & Μεσογείου: Δισεβδομαδιαία Επισκόπηση 4 - 17 Μαρτίου 2025

TÜRKIYE
A domestic-demand driven rebound in economic activity in Q4:24, brought full-year GDP growth to a solid 3.2%, albeit down from 5.1% in FY:23
The impact of past monetary policy tightening is unlikely to subside soon, with FY:25 GDP projected to grow at a more than descent pace of 3.5%, with a more balanced structure 
Political noise on the rise following arrest of Istanbul’s popular mayor, E. Imamoglu

NORTH MACEDONIA
Resurgence in inflationary pressures leaves no room for further monetary policy easing in the short-term 
The real estate market appears to be gaining steam again, warranting caution

CYPRUS
Despite external headwinds, GDP growth strengthened to 3.4% in 2024 -- more than four times the euro area average -- from 2.6% in 2023, on strong (tourism & other) services exports (and their positive spillovers to the economy), underscoring the economy’s increasing diversification
GDP growth is set to remain resilient and broad-based this year, at 2.7% -- slightly below the economy’s long-term potential -- but double the euro area average

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