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GLOBAL & REGIONAL DAILY (Thursday 14, November 2019)

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GLOBAL & REGIONAL DAILY (Thursday 14, November 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

November 14, 2019

Global Markets

Germany’s Q3 GDP increased by 0.1%QoQ following a slightly downward revised reading of -0.2%QoQ in the previous quarter. As a result, the German economy avoided a so-called technical recession. Meanwhile, market uncertainty is mounting over the extent of progress that has been made so far in US/China trade talks.

Greece

According to the World Bank, Greece’s Doing Business ranking will improve by 18 notches if the performance of its major cities in certain DB indicators is uniformly replicated across the country.

CESEE

Bulgaria: Inflation accelerated to 2.4% YoY in October from 2.3% YoY in the previous month.

Turkey: Fitch Ratings affirmed the ratings of 20 Turkish banks and revised the outlook on their ratings to stable from negative.

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