GLOBAL & REGIONAL DAILY (Tuesday 29 June, 2021)
June 29 2021
GLOBAL & REGIONAL DAILY
Market worries around the Delta strain favored the safe-haven appeal of both the JPY and the USD, with the EUR/USD losing ground and approaching the post-Fed 2½-month low of 1.1845 (Jun. 18). Oil prices weakened and sovereign bond yields moved lower on both sides of the Atlantic.
According to the BoG Monetary Policy Report 2020-2021, real GDP growth is expected to rebound by 4.2% in 2021 and 5.3% in 2022.
Official projections for GDP above 6.0% in 2021 create room for public investments and increases in wages and pensions in Serbia.
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