Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 29 October - 11 November 2024

BULGARIA
Another inconclusive election outcome fails to ease political uncertainty 
This unstable political environment would continue to weigh on investment activity, constraining economic growth
Euro adoption to be delayed at least until 2026

SERBIA
S&P awarded Serbia first-ever investment grade credit rating, “BBB-”, with stable outlook, making it the first non-EU country in SEE to gain such distinction
Serbia delivered impressive economic results in 2015-19 and demonstrated resilience during the pandemic and the subsequent energy crisis
Robust private consumption and increasing fixed investment should keep GDP growth above its long-term potential (of c. 3¾%) over the forecast horizon
Macroeconomic and financial market conditions are expected to benefit from investment grade status
Serbia strikes new non-financing deal with the IMF

ALBANIA
The envisaged completion of the ALL appreciation cycle should prompt the BoA to refrain from further monetary policy easing in the period ahead
 
APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT:  
        MACROECONOMIC INDICATORS
        FINANCIAL MARKETS