EME Macro/Strategy: slower growth and higher rates
At the beginning of the Russian invasion of Ukraine, we adopted a conservative playbook, focusing on the downside risks – for example, assuming an average oil price of 120 USD/barrel for 2022, and including the risk of further O&G supply disruptions to the Eurozone and CEE. As of now, the risk of this scenario playing out has not ceased, but we are a few months further into 2022 and we have decided to look at this again, developing two sets of scenarios: one that sees the status quo continuing until a potential frozen conflict scenario is achieved in Ukraine; and a second one, closer to the risks we highlighted earlier, including an O&G embargo and an additional sanctions escalation on Russia, starting in 2H22E.
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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