Macroeconomics

The general economic situation has once again brought few changes. We are seeing increasing concerns about global growth which were reflected in the rising volatility of international stock markets.

International commodity prices stopped their increases and various products even retreated, remarkably, from their highs. Oil prices fell to a seven-week low, and even reached levels below $50 per barrel before returning to the early $50s. Consequently, the average level of energy costs remains very high.

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