GLOBAL & REGIONAL DAILY (Monday, 30 September 2019)
GLOBAL & REGIONAL DAILY
September 30, 2019
Major European stocks opened modestly lower on renewed US/China trade jitters, following reports that the US administration is considering delisting Chinese companies from US stock exchanges. Meanwhile, opposition UK MPs are reportedly considering calling a vote of confidence, while PM Boris Johnson reiterated that the UK would exit from the EU on 31 October with or without a deal.
In its Staff Concluding Statement of the 2019 Article IV Mission, the IMF forecasts 2019 and 2020 GDP growth around 2% and long-term GDP growth at 0.9%. Reforms should continue in the financial sector, the labour market, the product markets and the judiciary system.
Serbia: The EUR/RRD remained bound within a 117.40 -117.60 trading range in the past week.
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