GLOBAL & REGIONAL DAILY (Thursday 26, March 2020)

Banking, Finance, Health and Safety, Markets, Reports, Statistics, Stock Markets, Trade and Commerce — By on March 26, 2020 at 10:05 AM

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GLOBAL & REGIONAL DAILY (Thursday 26, March 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

March 26, 2020

Global Markets

Global equities resumed their downtrend earlier today on market uncertainty whether the US $2trn stimulus package that the Senate approved yesterday would be enough to mitigate the COVID-19 induced damage to the economy. The Bundestag suspended the country’s constitutionally enshrined debt brake and approved the largest fiscal stimulus in the history of the German Federal Republic.

Greece

The Greek PM Kyriakos Mitsotakis has co-signed arguing in favour of the issuance of a ‘corona-bond’. On the privatisations front, nine investment schemes submitted expressions of interest for the acquisition of 65% of the share capital of DEPA Commercial S.A.

CESEE

Serbia: With the economy expected to contract by 2% YoY in 2020, as President Aleksandar Vucic announced on Monday, a series of economic measures and financing aid are about to be adopted in order to support the private sector and bolster the public medical system.

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