WOOD Flash – Türkiye macro: some good news, within the context of (hopefully) improving inflation in the medium term
According to the October sentiment surveys released by the European Commission, the industrial and services sectors showed an improvement during the month and overall confidence in the economy rose to the highest reading in five months. The message of all the surveys, for both consumers and businesses, indicates that monetary policy must remain tight in the foreseeable future, as pricing expectations remain high, although we appear to be past the peak. Overall, this picture is consistent with our current forecasts, which see slower, but not genuinely low, GDP growth in the coming year, while persistently tight monetary policy should, eventually, allow for a downward structural correction of the inflation trajectory.
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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