Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 16 - 29 April 2024

BULGARIA
Bulgaria heads for a new snap election in June
The forthcoming election is likely to deliver another hung Parliament, failing to end political uncertainty 
Political uncertainty is set to continue weighing on economic growth
Euro adoption to be delayed at least until 2025

ALBANIA
Albanian economy should continue growing at a healthy pace over the next quarters, thanks to strong wage-driven private consumption 
Tight financing conditions and lower public investment could slow fixed capital formation this year
The tourism sector is expected to continue overperforming, helping keep external imbalances at sustainable levels 
The need to counteract a loose fiscal stance and rapidly rising wages should prompt the BoA to decouple from the global monetary easing cycle

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