Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 26 November - 9 December 2024

Countries in Focus in this Issue: Cyprus, Romania & Serbia

CYPRUS
Despite external headwinds, economic growth strengthened markedly this year -- by far exceeding initial expectations as well as the euro area average -- on strong export performance 
GDP growth is set to remain resilient and broad-based in FY:25, at 3.0% -- broadly in line with the economy’s long-term potential growth -- continuing to outperform the euro area average

ROMANIA
A pro-Western PSD-led coalition is on the cards after the December Parliamentary election 
Political uncertainty is set to persist, as the Constitutional Court ordered re-run of the Presidential election
Political stability is key condition for much-needed fiscal consolidation to resume and EU funds to flow uninterruptedly

SERBIA
The economy is projected to see another robust growth rate in FY:24 (up 3.6%, following 3.8% in FY:23), driven by solid domestic demand
GDP growth is seen firming slightly to 3.8% in FY:25, close to the economy’s long-term potential
Sticky inflation and underlying risks suggest that monetary policy easing is set to continue in the period ahead, but at a much more cautious pace than before

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

 

Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 26 November - 9 December 2024
Close
Close
back-to-top