GLOBAL & REGIONAL DAILY (Monday 14 December, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
December 14 2020
Global Markets
In α joint statement issued after a call between UK PM Boris Johnson and European Commission President Ursula von der Leyen on Sunday morning, Brexit talks will continue beyond the supposedly final deadline of that day. Meanwhile, reports suggested that the $908bn US relief package outlined more than a week ago, will be split in two in an effort to win Congressional approval.
Greece
According to ELSTAT, in the period Jan – Sep 2020, total building activity recorded a 15.5%YoY increase in the number of issued building permits, while private building activity increased by 15.1%YoY. On December 16, the Hellenic Telecommunications and Post Commission conducts the tender for 5G wireless networks.
CESEE
The EUR/RSD held steady during the previous week, remaining bound within a 10-month range of 117.50-65. Elsewhere in the region, real GDP in 11 CEE countries is expected to contract by ca -5.3% on average in 2020, compared with -8.9% in the EA, according to Scope Ratings. For many countries of the region, full recovery to 2019 pre-crisis output levels should not be anticipated sooner than 2022.
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