Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 20 August - 2 September 2024

TÜRKIYE
Against the backdrop of tightening financing conditιons and still high inflation, GDP growth started to lose momentum in Q2:24
Türkiye braces for a soft landing, as tight financing conditions take hold and public purse strings tighten



SERBIA
GDP growth is set to firm to 3.7% in 2024 and 3.8% in 2025, from 2.5% in 2023, on the back of robust private consumption and increasing fixed investment
After two consecutive 25 bps rate cuts, monetary policy easing is set to continue at a more cautious pace in the period ahead



ALBANIA
Following a strong start to the year, Albanian economy is expected to remain on a solid growth trajectory over the next quarters -- outperforming its neighbouring peers -- thanks to resilient private consumption and robust activity in tourism and construction sectors


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