GLOBAL & REGIONAL DAILY
HIGHLIGHTS
April 20 2022
Global Markets
According to the IMF World Economic Outlook Report released yesterday, global growth is projected to slow from an estimated 6.1% in 2021 to 3.6% in 2022 and 2023, 0.8 and 0.2pps lower for 2022 and 2023 than projected in January; the producer price index in Germany rose 30.9%YoY in March, mainly due to higher energy prices.
Greece
In its April 2022 World Economic Outlook, the IMF revised downwards the real GDP growth projection to 3.5% in 2022 (from 4.6% projected in October), while its projection for inflation was significantly revised upwards to 4.5% in 2022 (from 0.4% in October).
CESEE
Standard & Poor’s affirmed Romania’s sovereign rating at BBB-, and maintained the outlook stable. Inflation in Bulgaria accelerated to 12.4%YoY in March from 10.0%YoY in February.
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