Ukraine’s economic recovery is likely to gain momentum over the remainder of 2021, the European Bank for Reconstruction and Development (EBRD) says in its latest Regional Economic Prospects (REP) report, published on November 4.
CBBH now expects 5.7% growth in 2021, moderating to 3.9% in 2022.
Food inflation very slightly edges down to 11.3%.
According to the central bank, the high inflation was mainly a result of one-off factors, such as significant increases in prices of food and oil on international markets.
Fast-rising inflation – with y/y growth in October clocking in at 6.8%, a 20-year high – is finally pushing monetary policymakers to try to catch up.
With markets on edge over ill-advised further rate-cutting ahead, analysts on alert over possible balance of payments crisis on horizon.
The seasonally adjusted IHS Markit Russia Services Business Activity Index registered 48.8 in October, down from 50.5 in September, to signal the fastest contraction in Russian service sector business activity since December 2020.
Russia's unemployment rate decreased to 4.3% in September 2021 from 4.4% in the previous month and below market forecasts of 4.5%.
Retail sales in Russia surged 5.6% year on year in September of 2021, accelerating from a 5.3% increase in the previous month, above market expectations of a 3.8% rise.
Index gains to 51.6 from 50.3 in September. Stocks of finished goods built at the fastest pace on record.
Eurostat data shows the share of people at risk of poverty or social exclusion was just over 50% in Albania as of 2020. No other country topped 40%.
Inflation hits highest point for 20 years, making another rate rise a done deal.
Supply constraints “have really started to bite now”, actively limiting output and new order volumes, says IHS Markit economics director.
The headline seasonally adjusted IHS Markit Russia Manufacturing PMI registered 51.6 in October, up from 49.8 in September, and signalled the first improvement in the health of the Russian manufacturing sector for five months.
Growth turned positive for the second consecutive month versus non-pandemic year 2019.
Retail sales have rebounded this year as Slovenia recovers from the coronacrisis.
Institute of Economics, Zagreb index suggests Croatia’s GDP growth accelerated further in the third quarter.
PM Albin Kurti says the sudden hike in prices is linked with developments in the countries from which Kosovo imports products.
In real terms, deflated by the consumer price inflation, the volume of bank loans edged up by a modest 0.6% y/y at the end of September.
The central bank said it stands by its 2021 prediction of 9.6% inflation for Ukraine, slowing to 5% at the end of 2022.