Reports

Iran Country Report Nov22 - November, 2022

November 4, 2022

Iran’s economy grew at a rate of 3.8% in the first quarter of the current Persian calendar year (March 21–June 21), state broadcaster IRIB has reported, citing data from the Statistical Centre of ... more

Georgia Country Report Nov22 - November, 2022

November 4, 2022

In Georgia, the real gross domestic product (GDP) growth rate in August amounted to 10.5% y/y, and 10.3% y/y in January-August. Economic activity has been stronger than expected with real GDP growth ... more

Turkey Country Report Nov22 - November, 2022

November 4, 2022

Turkey cut its policy rate further by 150bp to 10.5%. The central bank’s monetary policy committee (MPC) also said that it has “evaluated taking a similar step in the following meeting and ending ... more

Ukraine Country Report Nov22 - November, 2022

November 4, 2022

The war grinds on and the Ukrainian economy is being slowly destroyed. On October 10 Russia launched its own counteroffensive, targeting Ukraine’s power infrastructure. As of the time of writing ... more

Russia Country Report Nov22 - November, 2022

November 2, 2022

Economic activity stabilised in Russia in Q3 after the deep downturn in Q2. Car sales have bottomed out, manufacturing has bounced back and bank credit has started to flow again. Analysts think ... more

Iran Country Report Oct22 - October, 2022

October 10, 2022

Iran’s economy grew at a rate of 3.8% in the first quarter of the current Persian calendar year (March 21–June 21), state broadcaster IRIB has reported, citing data from the Statistical Centre of ... more

Georgia Country Report Oct22 - October, 2022

October 10, 2022

Economic activity has been stronger than expected, with real GDP growth estimated at 10.5% y/y in the first half of 2022. This growth has been driven by transportation, energy, hotels and ... more

Turkey Country Report Oct22 - October, 2022

October 10, 2022

Turkey is by now accustomed to its path of collapse, and the country continues to move along it. Global markets, meanwhile, are breaking out in a sweat over the Fed tightening and interwoven ... more

Ukraine Country Report Oct22 - October, 2022

October 10, 2022

September was marked by spectacular military successes for Kyiv and a stabilisation of the government’s financial position. The counter offensive launched at the start of the month around Kharkiv ... more

Russia Country Report Oct22 - October, 2022

October 10, 2022

Russian politics was thrown into chaos after Russian President Vladimir Putin introduced a partial mobilisation on September 21, calling up 300,000 reservists to fight in Ukraine. Within a week ... more

Turkey Country Report Sep22 - September, 2022

September 5, 2022

Turkey on August 18 introduced another shock rate cut. The USD/Turkish lira (TRY) pair, which had been testing the 18-level for around a month, crashed through the 18/$ threshold towards 18.15. ... more

Ukraine Country Report Sep22 - September, 2022

September 5, 2022

The war grinds on in Ukraine with no end in sight. There was the hope a peace fire could be reached in April during the Belarusian talks, but that faded away after the massacre at Bucha* and ... more

Russia Country Report Sep22 - September, 2022

September 5, 2022

Russia’s GDP contracted by 4.3% year on year in July 2022, moderating the decline of 4.9% y/y seen in June, according to the latest date by the Ministry of Economic Development. To remind, For 2Q22 ... more

Iran Country Report Sep22 - September, 2022

September 5, 2022

Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more

Georgia Country Report Sep22 - September, 2022

September 5, 2022

The Georgian economy grew by 7.2% in Q2 and 10.5% in the first half of 2022 y/y, according to the latest National Statistics Office of Georgia data. Deputy Minister of Finance Mikheil Dundua said ... more

Turkey Country Report Aug22 - August, 2022

August 5, 2022

Economically, August will be a ‘hot’ month as per usual. The USD/TRY pair may crash again. On July 27, the Fed’s open market committee delivered another 75bp rate hike in line with ... more

Ukraine Country Report Aug22 - August, 2022

August 5, 2022

Ukraine’s economy experienced a huge negative shock from the invasion. Because the economy has already contracted so much and the government has to cover enormous military spending, the fiscal ... more

Russia Country Report Aug22 - August, 2022

August 5, 2022

Russia Inc is doing better than expected despite sanctions. International Monetary Fund Chief Economist Pierre-Olivier Gourinchas told AFP in an interview that higher energy prices are keeping Russia ... more

Georgia Country Report Aug22 - August, 2022

August 5, 2022

The Georgian economy grew by 7.2% in Q2 and 10.5% in the first half of 2022 y/y, according to the latest National Statistics Office of Georgia data. Deputy Minister of Finance Mikheil Dundua said ... more

Iran Country Report Aug22 - August, 2022

August 5, 2022

Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more

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