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The main events by the morning: November 19


November, 19 2024
watermark Economic news

  • Greece plans to repay debts of 5 billion euros ahead of schedule in 2025. Greek Prime Minister Kyriakos Mitsotakis stated that it’s about bonds maturing in 2033-2042. Greece's debt-to-GDP ratio remains the highest in the eurozone, but the country has made significant economic gains in recent years. Greece's GDP growth rate has exceeded that of the eurozone as a whole every year since the pandemic, and forecasts show that this situation will continue in 2025 and 2026.


  • The US Department of Justice will require Google to sell Chrome. This is due to the court's decision, which previously found Google guilty of monopolizing the search engine market. The agency also intends to take measures against artificial intelligence and the Android operating system, in particular, to introduce rules on data licensing.


  • The Bank of Russia may raise the key rate to 23% at a meeting on December 20. Analysts of the First management company note that in November 2024, inflation expectations of the population remained at the level of October and amounted to 13.4%, approaching local highs.


  • The European Union will send a «political mission» to Georgia to assess the situation in the country after the elections. This was stated by the head of European diplomacy, Josep Borrel. Representatives of the mission plan to interact directly with the Georgian opposition and civil society. Borrell also stressed that the EU leaves the «door open» for Georgia.


  • The G20 countries expressed concern about the consequences of the Ukrainian conflict in the final declaration of the summit. The participants highlighted the deteriorating situation in the food and energy sectors, and supported initiatives aimed at achieving peace. Special attention was paid to the humanitarian situation in the Gaza Strip.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.