Macroeconomics

Inflation Rate in Bulgaria stands at 3.7 Percent Y/Y vs July 2020

The National Statistical Institute reported here on Wednesday that inflation in August 2021 was 3.7 per cent compared to August 2020, and 0.8 per cent compared to July 2021.
The inflation rate since the beginning of the year (August 2021 compared to December 2020) was 3.1 per cent.

Fitch revises up Turkey's growth forecast to 9.2% this year

Fitch Ratings has revised up Turkey's 2021 economic growth forecast to 9.2%, according to the rating agency's Global Economic Outlook for September, released on Sept. 16. 

The new figure is a massive upward revision from the agency's previous upgrade made on Aug. 13 when it revised up Turkey's growth forecast to 7.9%, from 6.3%.

Current account balance sees 11-month low figure in July

Turkey's current account balance posted a deficit of $683 million, down $1.3 billion from the same month last year, the Turkish Central Bank announced on Sept. 13.

With July figures, the current account deficit saw its eleven-month low.

According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled almost $27.8 billion.

What Fitch and BofA see for the Greek economy – Prospects and risks

International and domestic analysts see positive signs for the course of the Greek economy in 2021, but also in 2022, guided by both the resilience of GDP in the previous quarters, the best of the expected tourism July - August and of course the disbursements of the Recovery Fund.

BoG – 51% increase in travel receipts in the first half of 2021 – Arrivals decreased

In June 2021, the current account deficit decreased year-on-year, mainly due to an improvement in the services balance and, to a lesser extent, the primary and secondary income accounts, which was partly offset by the deterioration in the balance of goods.

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