Turkish economy likely to expand by 3.2% y/y in 2015: Danske Bank
Feb 18, 2015 07:27 am UTC| Commentary
Quotes from Danske Bank: -The Turkish economy has been showing clear signs of slowing over the past couple of years; however, falling energy prices and the decelerating CPI are yielding better prospects for 2015-2016. We...
USD/UAH likely to hit 33.00 in H1 2015: Danske Bank
Feb 18, 2015 07:25 am UTC| Commentary
Quotes from Danske Bank: -The UAH peg came under extreme pressure in H2 14 and January as FX reserves shrank to USD6.4bn from USD16bn in January 2014. -Thus, in early February, the national bank of Ukraine (the NBU)...
Ukraine GDP likely to shrink a further 8.5% y/y in 2015: Danske Bank
Feb 18, 2015 07:23 am UTC| Commentary
Quotes from Danske Bank: -Ukraine final GDP growth data for Q3 14 showed that the recession deepened further in the quarter: the economy contracted 5.3% y/y versus a 5.1% y/y fall the previous quarter. As the economic...
CBR has no room for further easing in H1 2015: Danske Bank
Feb 18, 2015 07:20 am UTC| Commentary
Quotes from Danske Bank: -The CBR hiked its key rate by a total of 1,150bp to 17% in 2014, putting the brakes on the real economy through a severe demand-side shock. On 30 January, the central bank made an unexpected...
Medium-term outlook for HUF: Danske Bank
Feb 18, 2015 07:18 am UTC| Commentary
Quotes from Danske Bank: -We continue to believe that Hungarys fairly strong external position is likely to be supportive for the HUF in the medium term. -Furthermore, fairly strong growth and an expected pick-up in...
Hungary's GDP likely to grow by 3.3% y/y in 2015: Danske Bank
Feb 18, 2015 07:16 am UTC| Commentary
Quotes from Danske Bank: -Growth has been picking up in Hungary and, after years of stagnation, it is becoming one of the fastest growth economies in central and eastern Europe. -However, structural problems and weak...
Japan's trade deficit to expand to ¥1,791bn in January: Societe Generale
Feb 18, 2015 07:14 am UTC| Commentary
Quotes from Societe Generale Cross Asset Research: -We expect Japans trade deficit to expand to 1,791bn in January, but the deficit has shrunk from 2,795bn in January 2014. Export growth is likely to accelerate further to...
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