Home Associations Daily Overview of Global Markets & the SEE Region (Thursday, August 6, 2015)

Daily Overview of Global Markets & the SEE Region (Thursday, August 6, 2015)

by admin
Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GREECE: According to local media, government officials appear optimistic that by 11 August a deal will be sealed regarding the new 3rd Bailout, which will then be ratified first by the Hellenic Parliament and then by the parliaments of other Eurozone member-states. According to data released today by the Hellenic Statistical Authority the seasonally adjusted unemployment rate for May 2015 was 25.0% compared to 27.0% in May 2014 and 25.6% in April 2015.

SOUTH EASTERN EUROPE

BULGARIA: According to the latest data from the Employment Office, the rate of registered unemployment fell for the fourth month running in July, coming in at 9.4% from a 9.6% print in June, recoiling further below an 8-month high of 11.09% hit in January. July marked the second month since October 2011 when the jobless rate last stood in a single-digit figure (9.6%).

ROMANIA: Net wages accelerated further by +0.7% MoM/+7.8% YoY in June up from -2.7% MoM/7.4% YoY in May. Robust real wage growth in private and public sector in tandem with improving sentiment and labor market tightening conditions have been fueling a revival of consumption spending in the first half of 2015, a trend which most probably will continue in Q3.

SERBIA: The Prime Minister of Serbia, Mr. Vucic, expressed his optimism yesterday that the economy will come out of recession in the 2H-2015. According to him, growth will reach 0.5-1% in 2015 and accelerate to 2% in 2016.

Viewers can log herebelow and read the full report:

Daily Overview August 6, 2015

You may also like

Leave a Comment