EME Macro/Strategy: forecasts revision guidance
In the light of the full attack of Russia on Ukraine, early this morning (24 February), we have revised our forecast guidance. The magnitude of the shock that we see as plausible is a 2ppts average drop in real GDP growth performance this year, relative to our earlier baseline, as a result of the inflationary shock, and we see a strong risk of an outright contraction in 2023E, across the board. For inflation, there is a high risk of double-digit inflation this year, moderating, but staying two-to-three times the central banks’ targets in 2023E.
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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