Russia’s economy is coming out of its recession and picking up momentum. The firs quarter growth of 0.4% was meager, but the acceleration to 1.4% in May and 3.4% in June was more encouraging.
At ... more
Ukraine’s GDP was up by 2.5% y/y in the first half of this year, which is also in line with the result in the first quarter, according to Economy Ministry estimates. The result was encouraging and ... more
Armenia, a country of 3.2mn, grew by a stagnant 0.2% y/y in 2016 and a more modest 6.4% y/y in the first five months of the year. The higher-than-anticipated growth at the beginning of the year has ... more
Lack of fiscal predictability and the weak absorption of EU funds are the major threats in terms of macroeconomic stability. The situation has deteriorated in this regard during June, when the ... more
The Polish economy accelerated growth to 4% y/y in the first quarter of 2017, on the back of a 4.1% y/y expansion in domestic demand. However, that included 4.7% y/y growth in private consumption. ... more
Iran’s economy has experienced an “impressive recovery” since international sanctions were lifted in January last year and delivered an annual economic growth of 12.5% in the last Persian year ... more
Turkey’s GDP growth recovered in the first quarter to 5%, springing back from a drop of 1.3% just two quarters ago, while calendar-adjusted industrial production index moved up by 6.7% y/y in ... more
Georgia, the small South Caucasus country of 3.9mn, grew by 5% y/y in the first quarter of the year and 4.2% y/y in January-April. The Georgian economy mildly decelerated from 2.9% in 2015 to 2.7% in ... more
The commodity-dependent Kazakh economy experienced one of its toughest years in 2016 as a result of low oil and other commodity prices together with a slowdown in major trading partners China, Russia ... more
The economy of Belarus is still deep in recession but the situation is improving as GDP was up in the first quarter as the republic starts to follow the rest of the region into recovery.
The GDP ... more
Ukraine’s economy seems to be finally on the mend putting in 2.5% GDP growth in the first quarter. It is not the bounce that might be expected that usually follows a crash as deep as that the ... more
Russia’s economic recovery gathered pace in the first quarter ending with 0.5% growth, bring the two year long recession to an end. The economy is on track to finish this year in the 1%-2% range. ... ... more
The Trump administration on May 17 announced it would continue with Obama-era waivers on sanctions linked to Iran’s nuclear programme. However, taking something of a carrot and stick approach, it ... more
Poland’s GDP grew 2.8% in 2016, the slowest expansion in three years, on the back of weakest investment since 2010. The result was below the government’s outlook of 3-3.2%, which was anyway a ... more
President Recep Tayyip Erdogan has claimed victory in Turkey's hotly contested but controversial referendum on introducing an executive-style presidency with sweeping powers. The razor-thin victory ... more
The commodity-dependent Kazakh economy is experiencing one of its toughest years in over a decade as a result of low oil and other commodity prices together with a slowdown in major trading partners ... more
Belarus will be the last eastern European country to emerge from recession this year – and may turn in one more year of negative growth if things go badly.
Belarus has been pulled down by a ... more
Amid bleak forecasts from EC and IMF related to the imminent fiscal slippage (EC projects 3.5%-of-GDP deficit this year, 0.5% of GDP above government’s target), Romania announced in May 2017 robust ... more
Ukraine has got off to a poor start in 2017. When Russia crashed in 1998 the economy bounced back the next year growing by a record 10% y/y. Ukraine is not enjoying much of a bounce despite the fact ... more
Russia’s recession is over but that doesn't mean the standards of living are improving or the people feel any more confident about the future.
Economic growth was about 1% in the first quarter ... more