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Israel rate cut bets increase, key stories from Q3 GDP

Data for October out of Israel this week suggest that the initial impact of the conflict with Hamas on the export sector was fairly limited, that inflation pressures continued to ease and that the chances of an interest rate cut in early 2024 are getting stronger. Meanwhile, the latest Q3 GDP data suggest that parts of Central and Eastern Europe have started to recover after a prolonged period of weakness and that Russia's economy continued to overheat. 

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