May’s reading is the lowest ever recorded since the data compilation began 15 years ago. Renewed weakening of lira appears to have hit sentiment.
Albania has historically run a substantial trade deficit caused by its narrow production and export base, and has partly funded this with remittances from Albanians living abroad.
Assessing economic flashpoints on horizon, analyst says external debts equal to around 24% of Turkey’s GDP need to be serviced over the next 12 months, leaving the lira vulnerable to bouts of risk aversion.
Typically praised, the Treasury's housekeeping is going to pot amid country's economic turmoil.
Romania’s GDP rose in 1Q19 at the fastest rate in the past five quarters, but besides the positive sentiment this generated, the figure also consolidates concerns related to the sustainability of the wage-led growth.
SMEs are under-represented in international trade and their contribution to value added remains low, the latest SME Policy Index finds.
Romania's average retail sales index was up 8.4% y/y in 1Q19, the highest annual growth rate in the past five quarters and no surprise after the net average wage rose by 14% y/y in January-February.