A number of national statistics offices across the region released last week flash estimates of GDP growth for the Q1-2016. Among them, three economies of our focus Bulgaria, Romania, Cyprus and earlier this month Serbia published bullish flash GDP estimates. Vindicating our and market expectations, those readings confirmed a very good start in the year and serve as a reminder that there are few winner economies in the EM space.
Regional flash GDP estimates in Q1-2016 confirmed a good start in the year
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