- By country
- By industry
- By topic
- Top 100
ZAGREB (Croatia), November 11 (SeeNews) - The impact of the US election results on the region of Central and Southeastern Europe (CE/SEE) is currently very limited given the limited gearing of these economies to the US, but risks could arise from the US/Fed outlook, the Croatian unit of Raiffeisen Bank International said on Friday.
"More inflationary US policies could add to a market take that the Fed is significantly behind the curve. A more sustained downward trend on global and EM FI/FX markets would also spill-over to CE/SEE, possibly offering more attractive entry levels," the analysts of Zagreb-based Raiffeisenbank Austria (RBA) said in a weekly outlook.
Furthermore, any fears about more US-led global protectionism, possibly against the EU, may dent the sentiment for very internationalised economies, be it for smaller, open CE/SEE economies or the important regional trade hub of Germany, RBA noted.
Secondly, worries about a further rise of populism in CE/SEE as well as inside the EU/euro area as a whole are likely to increase going forward, it cautioned.
In terms of a change in the US-Russian relations, the bank analysts are skeptical this will occur in the near term, as Donald Trump, the US president elect, is expected to focus more on domestic political agenda.