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Home Banking GLOBAL & REGIONAL DAILY (Wednesday July 27, 2022)

GLOBAL & REGIONAL DAILY (Wednesday July 27, 2022)

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HIGHLIGHTS

July 27 2022

Global Markets

USTs were little changed on the day and futures point to a positive open for Wall Street ahead of the conclusion of the FOMC’s two-day meeting later today. Meanwhile, the EUR has come under pressure on rising gas supply concerns following Gazprom’s decision to further cut gas flows to about 20% of capacity.

Greece

According to the latest Bank of Greece bank lending survey, in Q2 2022 the overall demand for loans to non-financial corporations (NFCs), both for small/medium as well as large enterprises, increased compared to Q1 2022, due to higher financing needs for fixed investment and working capital.

CESEE

In the World Economic Outlook (WEO) Update released yesterday, the IMF revised upwards its 2022 GDP growth forecast for the Emerging and Developing Europe to -1.5% from -2.4% in April. However, the Fund cut its 2023 GDP growth forecast to 0.9% from 1.3% previously.

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Global Markets

USTs were little changed on the day and futures point to a positive open for Wall Street ahead of the conclusion of the FOMC’s two-day meeting later today. Meanwhile, the EUR has come under pressure on rising gas supply concerns following Gazprom’s decision to further cut gas flows to about 20% of capacity.

Greece

According to the latest Bank of Greece bank lending survey, in Q2 2022 the overall demand for loans to non-financial corporations (NFCs), both for small/medium as well as large enterprises, increased compared to Q1 2022, due to higher financing needs for fixed investment and working capital.

CESEE

In the World Economic Outlook (WEO) Update released yesterday, the IMF revised upwards its 2022 GDP growth forecast for the Emerging and Developing Europe to -1.5% from -2.4% in April. However, the Fund cut its 2023 GDP growth forecast to 0.9% from 1.3% previously.

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Find out more about our Economic Research and search for reports that may interest you.

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