BlackRock Investment Institute released its latest Economic Cycle Survey for EMEA region. Note: my note on survey results for North America & Western Europe is available here.
Per summary: "... this month’s EMEA Economic Cycle Survey presented a generally bullish outlook for the region.
The consensus of respondents describe Slovenia, the Ukraine, Croatia, Egypt and Russia currently to be in a recessionary state, with an even split of economists gauging Slovakia to be in expansion or contraction. Over the next 2 quarters, all these countries are expected to stay in a recessionary state except Russia, Slovakia and Croatia.
At the 12 month horizon, the positive theme continues with the consensus expecting all EMEA countries to strengthen or remain the same, with the exception of the Ukraine and Turkey."
Note: these views reflect opinions of survey respondents, not that of the BlackRock Investment Institute. Also note: cover of countries is relatively uneven, with some countries being assessed by a relatively small number of experts.
Here are two summary charts: