Report
Alessio Chiesa ...
  • Raffaella Tenconi

EME Macro/Strategy: macro all-in-one (10-16 March)

As the implementation of the EU’s plan for its defence ramp up take shape, we have adjusted our GDP and rates outlook upwards for most countries. The main exceptions are Romania, as fiscal consolidation must have the priority this year, in our view, and the US, as the Atlanta Fed nowcasting model continues to signal GDP at -2.4% in 1Q. Last week, the Central Banks in Poland and Georgia kept the interest rates unchanged. The NBP increased its GDP growth inflation forecasts, while Georgia signalled a potential easing cycle later this year. In Türkiye, retail sales and industrial production were soft, while Hungary’s new retail margin cap aims to ease inflationary pressures. In Kazakhstan, robust economic momentum persists, particularly in transportation and construction.
Provider
Wood and Company
Wood and Company

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.

Analysts
Alessio Chiesa

Raffaella Tenconi

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