GLOBAL & REGIONAL DAILY (Wednesday 25 October 2023)

HIGHLIGHTS

October 25 2023                                                                                                                                                                                 

Global Markets

The Eurozone October flash PMIs disappointed, while the respective US data surprised positively, underlying the divergence between the two economies. In reaction, the EUR/USD moved back below 1.06 on the view that the ECB may start cutting rates before the Fed. 

Greece                                                                                                                                                                          VAT compliance gap declined for a fourth year in a row to 17.8% in 2021 yet remained among the highest in EU27; other issues in VAT collection efficiency persist.

CESEE

After a 12-month period of keeping the policy rate stable, the Monetary Policy Committee in Hungary delivered a higher-than-expected 75bps cut yesterday. In Turkey, most confidence indicators improved in October, mostly the consumer confidence index.

Viewers can log here below and read the full report:

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