Home Banking Daily Overview of Global Markets & the SEE Region (Thursday, March 23, 2017)

Daily Overview of Global Markets & the SEE Region (Thursday, March 23, 2017)

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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GREECE: According to data released yesterday by the Bank of Greece, in January 2017, the current account showed a deficit of €271mn, down by €500 mn yoy. This development is attributable to an improvement in the primary and the secondary income account. By contrast, the balance of goods and services deteriorated, as an increase in the deficit of the balance of goods was offset by a rise in the surplus of the services balance. According to data published yesterday by the Hellenic Statistical Authority, the overall turnover index in industry in January 2017 recorded an increase of 26.9% yoy.

SOUTH EASTERN EUROPE

CESEE MARKETS: Emerging market assets were mixed earlier on Thursday amid skepticism over whether US President Trump’s administration will be able to push through its pro-growth plans.

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Daily Overview March 23 2017

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