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GLOBAL & REGIONAL DAILY (Friday 15, May 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
May 15, 2020
Global Markets
European bourses were firmer in early trade today but sentiment remains cautious overall, as worries over a second wave of the pandemic prevail and investors are concerned about increasing tension in the US/China relations. Focus today is on Germany’s Q1 GDP (10:00 CET) and US retail sales (14:30 CET) and IP (15:15 CET) for April.
Greece
Focus today is on the Eurogroup that will review the progress made on the three economic safety nets agreed at the 9 April Eurogroup. In other news, the Ministry of Finance is reportedly working on a scheme to support real-estate owners whose proceeds were reduced in the months of March, April and May.
CESEE
Serbia: While the NBS forecasts that GDP will contract by 1.5% in 2020 as a result of the Covid-19 impact, in its latest Regional Economic Prospects released yesterday, the EBRD appeared more conservative and expects the economy to contract by -3.5% this year against a GDP growth forecast of 3.5% previously.
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