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GLOBAL & REGIONAL DAILY (Thursday 20 August, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
August 20 2020
Global Markets
Asian stock markets traded in the red on early Thursday in the aftermath of yesterday’s Fed’s July minutes release last night pointing to widespread concerns over the prospects for US economic recovery.
Greece
The 2020Q2 national accounts of Greece are scheduled to be released on September 4th 2020. According to Eurostat’s flash estimate, due to the containment measures, real GDP in EU (EA) contracted by -11.7% (-12.1%) QoQ in 2020Q2 from -3.2% (-3.6%) QoQ in 2020Q1. A number of high frequency indicators in Greece point towards a worsening of its macroeconomic performance too in 2020Q2.
CESEE
CYPRUS: Tourist arrivals declined by 88.2% YoY down to 64,914 in July compared to 550,971 a year ago, bringing the year-to-July decline down to 85.3% YoY.
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