Stocks in South East Europe kicked off the new trading week on a mixed note as investors assessed the risks posed by rising inflation and fears of an economic recession. The International Monetary Fund (IMF) expects Bulgaria’s economy to expand by 2.8% this year, revising downwards its earlier forecast of 3.2% growth. The Washington-based lender sees average inflation to exceed 12% in 2022. “In this context, policies must navigate difficult trade-offs as they need to support activity, meet needs from the war, and contain inflation, while raising living standards, reducing inequalities, and supporting the green transition” it said.
1. ATHENS – ATHEX -1.40%
2. BELGRADE – BELEX15 0.24%
3. BUCHAREST – BET 0.84%
4. ISTANBUL – BIST 100 -0.97%
5. LJUBJLANA – SBITOP 0.62%
6. NICOSIA – CSE GI 0.09%
7. PODGORICA – MNSE 10 -0.88%
8. SARAJEVO – SASX10 0.00%
9. SKOPJE – MBI 10 -0.20%
10. SOFIA – SOFIX -0.10%
11. ZAGREB – CROBEX 0.86%