Southeastern Europe & Mediterranean Emerging Market Economies: Bi-Weekly Report 5 - 18 September 2023

CYPRUS
GDP growth eased in Q2:23 (to a still solid 2.1% y-o-y), on the back of slowing private consumption and weakening external demand 
Strong headwinds -- especially from rising interest rates and soft external demand -- should keep the economy on a weak footing over the next few quarters

EGYPT
A new EGP depreciation is on the cards, yet its timing is uncertain, due to political noise 


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