Financial crises

Türkiye's exports reached $23.6 billion in October, marking a historic high for the month, Trade Minister Ömer Bolat has announced.

Speaking at an event organized by the Turkish Exporters Assembly (TIM) in Türkiye's Mediterranean resort city of Antalya on Nov. 2, Bolat highlighted that the country's exports grew by 3.6 percent compared to October last year.

Confidence in the Turkish economy improved, while inflation expectations declined in October, separate surveys from the Central Bank and the statistics authority have shown.

The economic confidence index rose for a second month in raw, rising 3.2 percent in October from September, the Turkish Statistical Institute (TÜİK) said on Oct. 30.

Greek Finance Minister Kostis Hatzidakis told Reuters that the government will maintain fiscal prudence to safeguard its growth path and emergence from a debilitating debt crisis a decade ago, even amid higher wage demands by striking teachers and ferry workers.

Deputy National Economy and Finance Minister Christos Dimas highlighted Greece's progress from 2019 to 2024 in a speech at New York University's Stern Business School.

Dimas reviewed Greece's recent economic performance, discussing the government's goals, challenges, and initiatives aimed at improving living standards, reducing unemployment, raising wages, and curbing tax evasion.

The Greek economy has recovered, but it is still in great need of productive investments that will create many well-paid jobs. Greece's productive model cannot be changed with "investments" only in real estate and tourism.

The Turkish government has allocated funds to the tune of 43 billion Turkish Liras ($1.3 billion) in its draft 2025 budget aimed at helping companies diversify their markets abroad and boost exports.

China's central bank on Monday cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces.

Greece currently has the greatest liquidity of all time. With an additional €1 billion that the country received yesterday as the 4th tranche of grants from the Recovery Fund, its cash reserves have now exceeded €45 billion.

Greece's state budget presented a primary surplus of 8.743 billion euros in January-September 2024, against a primary surplus target of €5.3 billion and a primary surplus of €5.98 billion euros in the same period of the previous year, per the preliminary data available for the execution of the state budget on a modified cash basis.

Global public debt is expected to reach a record $100 trillion this year, the IMF has said, warning that the fiscal outlook for many countries may be even "worse than expected."