Report
Alessio Chiesa ...
  • Raffaella Tenconi

EME Macro/Strategy: macro all-in-one (13-19 May)

Last week's macro news flow in our region was driven by Georgia: despite the widespread protests, parliament passed the contentious "foreign agent" law, followed by the presidential veto over the weekend, which is likely to be overruled by Georgian Dream, the ruling party. Romania's GDP growth presented mixed signals, with a modest uptick in the adjusted annual growth, but a slowdown in unadjusted terms, suggesting cautious optimism for future rate cuts by the NBR. Poland's economic growth decelerated slightly, affected by weak consumer spending, although our projections remain positive. The inflation updates from the Czech Republic showed some pick-up; while Türkiye’s current account deficit improved. In Kazakhstan, GDP growth cooled, although the construction and manufacturing sectors showed a strong performance.
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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