Macroeconomy
Unemployment at 19 pct in July as inactive population increases
Greece’s seasonally adjusted (SA) unemployment rate edged down to 19 percent from 19.1 percent in June, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Industrial production grows by 1.4 pct in August and by 0.8 pct in aggregate period
Greece’s Industrial Production Index (IPI) rose by 1.4 percent in August from a revised increase of 2 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
CPI up by 1.1 pct in Sept for highest rise since Nov 2017
Greece’s Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent in August Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
Following the publication of the World Economic Outlook (WEO) as part of the IMF-World Bank Annual Meetings that are taking place this week in Bali, Indonesia the International Monetary Fund released the latest Fiscal Monitor (FM) with updated fiscal projections for Greece.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF raises growth forecast for 2019, lowers sharply medium-term expectations
In the latest World Economic Outlook (WEO) issued on Monday as part of the IMF-World Bank Annual Meetings that are due to take place in Bali this week, the International Monetary Fund revised its GDP projections for Greece.
Car sales drop by 0.8 pct in September
Road motor vehicles going into circulation for the first time fell by 0.8 percent in September after a rise of 36.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Trade deficit grows by 15.1 pct in August and falls by 1.8 pct in 8-month period
Greece’s trade deficit grew by 15.1 percent year-on-year (YoY) in August compared to an increase of 34.5 percent in July, according to data from the Hellenic Statistical Authority (ELSTAT) released on Monday.
General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
Greece’s general government (gg) primary cash surplus came to 3.51 billion euros in the first eight months of the year, reduced by 750 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
FinMin sets out how it would alter policy mix to prevent pension cuts
In its efforts to avoid the politically sensitive issue of cutting pensions further, the Finance Ministry presented in the draft budget this week an alternative scenario consisting of a significantly different fiscal policy from the one included in the Medium-Term Fiscal Strategy (MTFS) this summer.
Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
The Finance Ministry (MoF) tabled on Monday afternoon in Parliament’s Economic Affairs Committee the draft budget for 2019, which contains its fiscal estimates as well as the underlying macro assumptions.