The budget primary balance recorded a surplus of 595 million euros in the first three months of 2020, compared to a surplus of 1.44 billion noted in March 2019, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.
The Centre of Planning and Economic Research (KEPE) has released an analysis of the impact of the coronavirus on Greece’s non-performing loan market.
Greece wants to signal to international markets that despite the heavy toll the pandemic is expected to inflict on the Greek economy, it can move ahead with its debt strategy.
The IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP dropping by 3 pct in 2020, subject to various uncertainties.
Greeks banks are facing a complicated challenge in the face of coronavirus as their efforts to reduce NPLs have come to a standstill.
The research arm of the Association of Greek Tourism Enterprises (INSETE) has conducted a study to estimate the impact of the coronavirus on the country’s vital tourism industry.
Building permits rose by 55.7 percent year-on-year (YoY) in January compared to a rise of 50.3 percent percent in December, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
The Finance Ministry is gradually accepting that the impact of Covid-19 in Greece will exact a heavy toll on the economy and the budget, with implications for the country’s public debt.
Greece’s Consumer Price Index (CPI) was unchanged year-on-year (YoY) in March compared to a slight increase of 0.2 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
The employment balance turned sharply negative in March with 41,903 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.