Weekly economic update 15 - 21 June 2009

The week after the long weekend will be full of important data releases and events. Apart from new domestic data, that may affect market expectations concerning MPC decisions, the market will pay attention to government’s work on the budget (on Monday, the cabinet will approve and publish assumptions for 2010 budget, work on 2009 budget amendment is also in progress).
There are also plenty of data releases abroad in the agenda, which may influence sentiment in stock markets and global risk aversion.

Currency markets in the region will also focus the situation in Latvia and fate of spending cuts proposed by the government, which is condition for help from IMF and EU (vote in the parliament on Wednesday).

 

If the plan is approved, concerns about devaluation should ease.

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Download: Weekly economic update 15 - 21 June 2009

 
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