GLOBAL & REGIONAL DAILY (Friday October 22 2021)
GLOBAL & REGIONAL DAILY
October 22 2021
Inflation expectations continued to mount keeping DM sovereign bonds under pressure, despite the fact that commodity prices moved broadly lower, yet still close to multi-year highs. Focus today is on the flash October PMIs from around the globe.
According to the Bank of Greece, the current account deficit for the period Jan-Aug 2021 stood at €5,417mn, down by €2,487mn compared to the corresponding period of 2020, driven primarily by a strong rebound (+136%YoY) in travel receipts.
The Bulgarian National Bank (BNB) revised downwards its 2021 GDP growth forecast for Bulgaria from 4.1% projected in the summer to 3.9% in its latest macroeconomic forecast, expecting, however a stronger economic growth pick up of 4.6% in 2022.
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