Markets currently expect no rate cuts before autumn, although that timing remains subject to shifts in both domestic policy and external economic conditions.
Turkey’s exchange-traded fund down 9.5% in year-to-date. Thai performance second worst at 6.5%.
Polish GDP grew 3.8% year on year in the first quarter of 2025, slightly below the revised 3.9% increase recorded in the previous three months, seasonally adjusted data from the Central Statistical Office showed in a flash estimate on May 15.
Non-tariff barriers have taken a big toll.
Czech unemployment remained at 4.3% in April, the same level as in March. Year on year, the unemployment increased by 0.6 percentage point, or by 38,462 persons.
The landslide win by far-right presidential candidate George Simion in the first round of the presidential elections has rattled investors.
Slovakia’s industrial output increased by 3.5% year on year and by 0.7% month on month in March, registering the first month of growth this year.
Despite some progress in reining in prices, Turkey's headline figure is a bar graph section too far.
Fluctuations in global oil prices remain a critical vulnerability for Azerbaijan’s economy.
VE Day, or Victory in Europe Day, is celebrated on May 8 each year to mark the formal end of World War II in Europe, reports Statista.
Pakistani stocks have suffered a steep decline, with the KSE-100 Index dropping 9.7% over the past four sessions, as escalating military tensions with India rattled investors.
Among the most headline-grabbing moves is a 0.5 percentage point cut in the reserve requirement ratio, expected to unleash some CNY1 trillion ($138bn) into the financial system. But that’s just the beginning.
Czech industrial production increased by 1.4% year-on-year and by 0.4% month-on-month in March (chart), driven by electricity production and maintaining the growth trajectory.
The Czech National Bank reduced its base interest rate by 25 basis points to 3.5% on May 7, marking its fourth consecutive rate cut and signalling that the easing cycle is nearing its end, ING said in a note on May 7.
Sustained optimism amid stronger competition noted. Rising price pressures a worry.
Hungary’s retail sector lost some momentum in March, with sales volumes falling 0.5% from the previous month despite the government-introduced profit margin cap in effect from the middle of the month.
Hungary’s German business community is growing increasingly pessimistic, with corporate investment sentiment hitting its weakest level since the aftermath of the 2008 financial crisis.
Growth to be driven by stronger domestic demand, public investment and increased consumption, supported by government transfers and rising real wages.