HIGHLIGHTS
August 26 2022
Global Markets
All eyes today are on Fed Chair Jerome Powell, who will deliver his annual speech at the Jackson Hole conference and is expected to adopt a rather hawkish tone, reiterating that further rate tightening will be appropriate to restore price stability on a sustained basis.
Greece
According to the final State Budget execution data for the period Jan-Jul 2022, the overall fiscal balance registered a deficit of €4.59bn, compared to a targeted deficit of €9.18bn. The primary fiscal balance registered a surplus of €1.16bn, against a targeted deficit of €5.81bn.
CESEE
GDP up by 5.1%YoY/2.1%QoQ in Q2 2022 in Romania, according to the official flash estimate; Serbian economy to grow by 3.5%–4.5% this year, and inflation to peak in Q3 2022, according to the NBS.
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