GLOBAL & REGIONAL DAILY
HIGHLIGHTS
March 28 2022
Global Markets
On geopolitics, a new round of peace talks between Ukraine and Russia is set to take place this week in Turkey; worries on lower fuel demand due to lockdowns in Shanghai drive oil prices lower.
Greece
Reduced VAT for restaurant and transportation services likely to be extended until end-2022; travel receipts post robust increase in Jan-22; construction material costs hit record high in Feb-22.
CESEE
Governments in the region increase wages in efforts to reduce the adverse effect of inflation on private consumption; IMF to revise downwards its 2022 GDP growth forecast for Serbia from 4.5% currently, on expected negative implications from the Russia-Ukraine war.
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