Reports that US President Barack Obama will overhaul a plan to build a missile defence shield in the Czech Republic and Poland would appear to represent a major foreign policy shift on Washington’s part, given that the shield was eagerly championed by the Bush administration. The official explanation for Obama’s shift is that Iran’s missiles… [Read more]
BMI’s Justin Patrie cautions against premature excitement following the release of Q2 GDP data for several CEE and eurozone economies. Nevertheless, differentiation will remain key and the usual suspects (i.e. Turkey and Poland) continue to stand out as the ideal relative value play.
Three months ago, Justin Patrie, Head of Emerging Europe at Business Monitor came onto the podcast to discuss Central and Eastern Europe. At the time, very weak Q408-Q109 economic data suggested a deep macroeconomic crisis, with the level of contraction unprecedented in the post-Soviet era. Since then, though, global market and macro sentiment has improved,… [Read more]
In Business Monitor International’s second weekly podcast Mark Schaltuper speaks to Justin Patrie about the economic outlook for Central and Eastern Europe. How will the region perform compared to the Asian Financial Crisis of 1998?
