Supply-side shocks and heightened uncertainty in international markets are pushing up inflation in Albania.
Demand conditions home and abroad, notably in Europe, “challenging”, September survey shows.
ENAG researchers contend rate was 186% y/y in reality.
Consumer prices in the country increased the most for food and transport.
Romania’s GDP is expected to grow by 4.8% in 2022 and 3.4% in 2023, “supported mainly by momentum in domestic demand”, the IMF said.
Moldova’s industrial output plunged by 14.4% y/y in July, when the activity in the manufacturing sector reached the lowest level seen in the past decade except for the March-April lockdown months in 2020.
Benchmark now 12% versus official inflation of 80.2%. Lira continues to sink.
More than 70% of Albanians trust the EU, the UN and Nato compared to only one quarter who trust the president or political parties.
Growth is expected to slow later in 2022 as the war in Ukraine affects tourism and other key sectors.
Record inflation of over 30% has also dragged down households’ capacity to consume.
Profitability of construction activity deteriorated significantly in the second quarter of 2022.
Skopje builds up reserves for second month after several months of decline in fx reserves.
Soaring natural gas prices kept Moldova's inflation on upward trajectory despite central bank's rate hikes.
Romania’s GDP increased by 5.3% y/y in Q2, driven by the services sector and a significant increase in inventory.
Households’ purchasing power is being eroded by the rising inflation, but people keep spending as they expect even higher prices in future.
Country stays in sixth place in global inflation league.
Survey shows clearly challenging market conditions, with weakness in both domestic and export markets.
The rise in consumer prices accelerated from the 15.8% y/y increase in June.
Producer prices in utilities went up the most, by an annual 49% in July.
Net electricity production was up 14% y/y in June due to a significant rise in thermal power production, while hydropower generation fell.