November 17 2023
UST yields declined yesterday amid market expectations for more aggressive Fed rate cuts in 2024 following a series of weak US data releases, while lower oil prices also had an impact.
Greece From Jan-23 to Oct-23, the preliminary State Budget Execution data revealed an overall fiscal deficit of €0.48bn, an 86.3% improvement compared to the monthly target set for 2023 and a primary fiscal surplus of €6.08bn, exceeding the target by €4.34bn or 248.5%.
In Cyprus, annual GDP growth continued unabated in Q3 2023 relative to the previous quarter, at 2.2%, the strongest reading at EU level according to flash estimates. Further signs of inflation deceleration in October in the region from Poland.
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