GLOBAL & REGIONAL DAILY (Wednesday, January 12 2022)

GLOBAL & REGIONAL DAILY (Wednesday, January 12 2022)

GLOBAL & REGIONAL DAILY                                

HIGHLIGHTS

January 12  2022

Global Markets

The World Bank cut its global economic growth forecasts to 5.5% (from 5.6%) in 2021 and 4.1% (from 4.3%) in 2022 amid continued COVID-19 flare-ups, diminished fiscal support, and lingering supply bottlenecks.

Greece

According to Eurostat’s flash estimate, the inflation rate in Greece increased for the 7^th month in a row in Dec-21 and reached its highest value since early 2011.

CESEE

Following three months of surpluses, which were supported by the good tourism season, the current account of Turkey posted a deficit of USD2.7bn in November. 

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