Macroeconomy
IMF revises fiscal outlook, sees lower primary surpluses in coming years
Following the publication of its global forecasts in the World Economic Outlook, the International Monetary Fund (IMF) released its Fiscal Monitor ahead of the autumn meetings due to take place in Washington this week.
Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
The government submitted to the European Commission on Tuesday the draft 2020 budget after negotiations over the fiscal gap reportedly concluded successfully but, at the same time, the International Monetary Fund issued an indirect warning that Greece’s growth prospects for the coming years will be weaker than expected.
Budget primary surplus at 4.48 bln in September
The budget primary balance recorded a surplus of 4.48 billion euros in the first nine months of 2019, compared to a surplus of 2.53 billion noted in September 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Tuesday.
Eurosystem funding drops by 699.8 mln in September
Greek banks’ Eurosystem funding fell by 699.8 million euros month-on-month (MoM) in September according to the monthly Bank of Greece's (BoG) financial statement.
Rate of increase in overdue taxes drops in Aug as total passes 105 bln
The month-on-month rise in Greece's new tax debt came to 753 million euros in August, data from the Independent Authority for Public Revenue (IAPR) has shown.
PBO highlights areas of uncertainty for 2020 budget
The Parliamentary Budget Office (PBO) has followed the footsteps of the Fiscal Council by issuing its opinion on the draft budget that the government tabled last week.
Travel surplus rises by 10.4 pct in H1, German visitor numbers and receipts drop
The balance of travel services came to a surplus of 4.08 billion euros for the first half (H1) of the year, Bank of Greece (BoG) noted in its travel balance report for the first six months of the year.
Building permits increase by 18.5 pct in July
Building permits rose by 18.5 percent year-on-year (YoY) in July compared to a rise of 4.7 percent in June, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Industrial production edges down by 0.6 pct in August
Greece’s Industrial Production Index (IPI) decreased by 0.6 percent year-on-year (YoY) in August compared to a revised decrease of 2.1 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
CPI edges down by 0.1 pct in September
Greece’s Consumer Price Index (CPI) contracted by 0.1 percent year-on-year (YoY) in September, staying negative for a second month, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.