HIGHLIGHTS
December 23 2022
Global Markets
In reaction to positive US data which showed an upward revision in Q3 GDP growth and a lower-than-expected increase in initial jobless claims, Asian equity markets ended mostly lower today, fixed income markets remained under pressure and the USD gained some ground, amid expectations of restrictive Fed monetary policy for longer than many market participants may had hoped.
Greece
According to the Bank of Greece, the balance of travel services posted a surplus of €15.4bn in January – October 2022 and a surplus of €1.3bn in October 2022. Travel receipts recorded an annual increase of 70.4% in the January-October 2022 period and an annual increase of 16.7% in October 2022.
CESEE
The IMF approved a two-year Stand-by Arrangement (SBA) for Serbia amounting to approx. €2.4bn. The SBA replaces the existing Policy Coordination Instrument (PCI), approved in Jun-21, and builds on its reform agenda. The SBA policy priorities mainly focus on the energy sector and fiscal transparency.
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