GLOBAL & REGIONAL DAILY (Friday 22 September 2023)

HIGHLIGHTS

September 22 2023                                                                                                                                                                                 

Global Markets

Despite the BoE’s and the SNB’s decision for stable interest rates yesterday, fixed income markets remained under pressure across several countries, with longer-dated yields hitting new highs, amid expectations that major CBs will likely keep rates in restrictive territory for longer than previously thought.

Greece                                                                                                                                                                                                                           

According to the Bank of Greece (BoG) balance of payments data, travel receipts in current prices, underpinned by the strong rise in inbound traveller flows, performed well in Jul-23, recording an annual growth rate of 15.1% (20.2% in Jan-23 to Jul-23).

CESEE

Released shortly after the OECD’s Interim Economic Outlook reported a stable but still fragile outlook for the global economy, the first Economic Survey of Croatia, as part of the process of the country’s accession to the 38-member OECD, projects Croatia’s GDP growing by 3.0% in 2023 and 2.4% in 2024.

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