EME Macro/Strategy: macro all-in-one (5-11 June)
In this weekly, we present our insights from the London Emerging Europe and Central Asia conference, held last week. Separately, last week’s data releases confirmed that economic activity is losing steam across our coverage, with varying underlying drivers; however, as inflationary pressures remain strong and rates high, pressure is mounting on governments to put credible fiscal consolidation plans in place. In other news, Turkey looks set for a period of monetary and fiscal consolidation, with new leadership in both the monetary and fiscal authorities. In Greece, the 1Q23 GDP print was released, implying an inventory-led slowdown, but we remain constructive on a strong tourism season ahead. Economic developments in Czechia suggest that the MPC will find it hard to gather sufficient support for a hike on 21 June. On the other hand, the data in Iceland have confirmed that further forceful tightening is in the pipeline (as we noted in our flash note).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.