Turkey sticks to end-2025 inflation target of 24%

Space for mid-June policy rate cut to 100-350 bp opens up.

Drill down into Poland’s presidential election voting patterns

Poland’s presidential election will go to a second-round run-off after centrist candidate Rafał Trzaskowski and conservative Karol Nawrocki finished in a close contest in the May 15 first round.

Japan's tourism boom: April sees record-breaking 3.91mn foreign visitors

Cumulatively, the first four months of 2025 have seen approximately 14.45mn foreign arrivals, a 24.5% rise from the corresponding period in 2024.

Sri Lanka likely to hold rates steady amid stable growth and tariff uncertainty

The country's economy grew by 5% in 2024, outperforming expectations and marking a significant turnaround after a deep financial crisis triggered by a severe shortage of US dollars three years ago.

Slovak unemployment dropped to 3.71% in April

Unemployment in Slovakia (PDU) dropped by 0.01 percentage point month-on-month to 3.71% in April, reaching the lowest level of unemployed persons on record since 1993 for the second consecutive month.

EC slashes Hungary's growth forecast to lowest in region, below tepid EU average

Hungary's economic recovery remains sluggish, with the country projected to significantly underperform its Central European neighbours in both growth and investment, according to the European Commission's spring forecast.

Russia’s consumer price inflation at 10.2% in April

Inflation and the resulting high interest rates continue to be the principal concern of Russian policy makers.

Romania holds monetary policy rate at 6.5% amid elevated inflation and political uncertainty

Markets currently expect no rate cuts before autumn, although that timing remains subject to shifts in both domestic policy and external economic conditions.

Borsa Istanbul leads world markets in dollar-basis losses

Turkey’s exchange-traded fund down 9.5% in year-to-date. Thai performance second worst at 6.5%.

Polish economy grows 3.8% in first quarter as momentum holds steady

Polish GDP grew 3.8% year on year in the first quarter of 2025, slightly below the revised 3.9% increase recorded in the previous three months, seasonally adjusted data from the Central Statistical Office showed in a flash estimate on May 15.

Uzbekistan’s 1Q passenger car imports plummet to 6,950 units from 22,210 a year earlier

Non-tariff barriers have taken a big toll.

Slovak inflation eases to 3.7% y/y in April

Czech unemployment stagnates at 4.3% in April

Czech unemployment remained at 4.3% in April, the same level as in March. Year on year, the unemployment increased by 0.6 percentage point, or by 38,462 persons.

Romania pays 8.45% on 14-month Treasury bonds as presidential elections damage investor sentiment

The landslide win by far-right presidential candidate George Simion in the first round of the presidential elections has rattled investors.

Slovak industry returns to growth of 3.5% y/y in March

Slovakia’s industrial output increased by 3.5% year on year and by 0.7% month on month in March, registering the first month of growth this year.

Turkish inflation still ballsing up OECD charts

Despite some progress in reining in prices, Turkey's headline figure is a bar graph section too far.

Every $1 drop in oil price could cost Azerbaijan $300mn in exports, $150mn in budget revenue, ING says

Fluctuations in global oil prices remain a critical vulnerability for Azerbaijan’s economy.

Hungary's CPI falls to 4.2% in April as food price controls take effect

War is a growing concern across Europe – Statista

VE Day, or Victory in Europe Day, is celebrated on May 8 each year to mark the formal end of World War II in Europe, reports Statista.

Pakistan stocks tumble nearly 10% in four days amid rising India tensions

Pakistani stocks have suffered a steep decline, with the KSE-100 Index dropping 9.7% over the past four sessions, as escalating military tensions with India rattled investors.