BlackRock Investment Institute released its latest Economic Cycle Survey for EMEA region. Emphasis is mine.
"With caveat on the depth of country-level responses, which can differ widely, this month’s EMEA Economic Cycle Survey presented a bullish outlook for the region.
"The consensus of respondents describe Slovenia, Croatia, Turkey and, the Ukraine to be in a recessionary state, with an even split of economists gauging South Africa to be in expansion or contraction. Over the next two quarters, the consensus shifts toward expansion for South Africa and the Ukraine."
Note: Red dot represents Czech Republic, Kazakhstan, Hungary, Romania, Poland, Slovakia
And out 12 months: "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 Turkey."
"Globally, respondents remain positive on the global growth cycle with a net 88% of 43 respondents expecting a strengthening world economy over the next 12 months – an 6% increase from the net 82% figure last month. The consensus of economists project mid-cycle expansion over the next 6 months for the global economy."
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.
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