EME Macro/Strategy: A W-shaped recovery ahead?
In May, the business surveys unfolded roughly in line with what we had anticipated in April and what we have picked up from the Czech Republic recently (please see our flash note for further details, published on 26 May).Overall economic confidence was pretty much unchanged relative to April, with some improvements in the industrial sector and among consumers. The other sectors saw a further deterioration and the construction sector, in our view, is facing at least a few more months of worsening sentiment, before we should consider having hit the bottom.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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