Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A.,
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GREECE: Deliberations between Greek officials and the institutions will continue today in Athens with the aim of accelerating progress ahead of tomorrow’s Euroworking Group (EWG). According to press reports, differences have been bridged in a number of areas, namely: 1) the 2018 fiscal performance where the IMF has reportedly accepted that there will be no fiscal gap, 2) the legal framework for the out-of-court workout, and 3) the progress in the privatisations programme. On the other hand, the issues that remain open are: 1) the measures for 2019 and beyond, 2) the offsetting measures to be implemented if the primary surplus targets are outperformed, 3) the energy market reform, and 4) the labour market reform.
SOUTH EASTERN EUROPE
ROMANIA: The revised Q4-2016 GDP estimate was confirmed at the flash estimate of +1.5% QoQ/+4.8% YoY, +4.7% YoY in unadjusted terms.
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