Poland's economic outlook will be uncertain under PiS

Deadlock at the Constitutional Tribunal, which oversees legislation, could delay implementing PiS's election programme

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Global liquidity risks a heavy slump in EMs

Global liquidity has started drying out since late 2014, when the Fed ceased its asset purchasing programmes

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Monetary policy divergence will be a key theme in global financial markets in 2016

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Azerbaijan is entering a period of moderate growth and reduced infrastructure spending

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Kazakhstan is suffering under the weight of low oil prices and Astana's woes are being exacerbated by Russia's slowdown

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The renminbi's inclusion within SDR raises long-term issues of financial integration

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Enhanced monetary easing is on the way, as the inflation outlook has deteriorated

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Chisinau will have to put economy in order before international aid resumes but concern grows over security situation

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AKP will pursue its blend of populism, liberalism, intervention and reform

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Political and economic turmoil are set to worsen, with a recall referendum and new presidential election likely

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