Regional recovery on track in Q3-2016Properties | Eurobank
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The flash GDP growth estimates of Q3-2016 about to be released are expected to confirm that the economies are in relatively good shape and fully on track to meet, if not overshoot, the full year projections. Private consumption most probably has been in the driver’s seat behind growth in Q3, while investments were constrained by lower EU funds absorption. CESEE assets fared better on strong economic fundamentals, closest links to Eurozone and lower USD funding needs. CESEE bourses outperformed EM peers CESEE currencies and rates markets lost ground on rising risk aversion. With the US elections out of the way, any comments by President-elect Donald Trump will be closely scrutinized by market participants for any hints on his government’s policies.