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CESEE: Recovery Slow, but Stable
Corporate sentiment improving in major CEE countries as well, as the economic recovery begins to take root. Low point in interest rates has essentially been reached, rises in yields to follow trends in the developed markets, RZB says.
CESEE: Recovery Slow, but Stable / Picture: © Vindobona.org
After a disappointing start to the year, the assessment of the economy started to improve in the subsequent months. Russia and Ukraine were the only countries wherethe spring data releases were quite subdued. As there were no signs of an upturn over the summer, we lowered our Russian GDP forecast for 2014 to +2%. Otherwise, we only modestly reduced the 2014 forecasts for Turkey, and…
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