Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 1 - 14 October 2024

NORTH MACEDONIA
Upside risks to inflation call for a cautious approach to easing by the NBRNM 
Fiscal consolidation is set to advance slowly in FY:24, before accelerating in FY:25

ALBANIA
The long-awaited opening of chapters of the EU Acquis is set to provide Albania an important policy anchor, strengthening authorities’ reform drive and markets’ assessment of the economy’s prospects 
Progress with accession negotiations should help accelerate Albania’s economic convergence with the EU -- the country’s largest trading partner

EGYPT
With a view to ensure sustainability of disinflation after a dramatic currency devaluation and IMF-mandated regulatory price hikes, the CBE has yet to abandon its tightening bias, despite lackluster GDP growth
The CBE is set to embark on a monetary easing cycle in Q1:25



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