Tags
Debt
RSS-
Economy
EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017 In its spring economic forecasts released on Tuesday, the European Commission (EC) lowered its estimates for Greek GDP contraction to 0.3 percent in 2016 from 0.7 percent expected in early February. EC noted that the slower than initially anticipated recession this year is largely due to the more moderate adverse trends in the second half of 2015.
-
Economy
IMF sees 0.6 pct primary deficit in 2015, lowers debt forecast below 180 pct In its latest Fiscal Monitor report, the IMF refrained from providing its estimates on Greece’s public finances for 2016 onwards due to ongoing negotiations with the Greek government and the European partners.
-
Economy
Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln Greece’s central government debt grew for the third successive quarter in Q4 of 2015 by 6.78 billion euros to 321.33 billion from 314.55 in Q3, according to the Finance Ministry (MoF) debt bulletin.
-
Economy
EC sees resilience in Greek economy, urges additional measures in 2016 and 2017 In its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016.
-
Economy
Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions Greece’s central government debt rose by 1.75 billion quarter on quarter (QoQ) to 314.55 billion euros at the end of the third quarter (Q3) of 2015 from 312.8 billion at the end of Q2, the Finance Ministry (MoF) debt bulletin displayed on Monday.
-
Economy EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016 In its autumn economic forecasts published on Thursday, the European Commission (EC) revised its estimates on the Greek economy to take into account the uncertainty surrounding the bank holiday and the imposition of capital controls in late June.
-
EconomyMacroeconomy
Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio In its second notification on fiscal data, the Hellenic Statistical Authority broadly confirmed the fiscal and debt figures for the 2011 – 2014 period with those disclosed last April.
-
Economy
IMF sees Greek debt above 200 pct of GDP in 2016, at 182 pct in 2020 Following the release of the World Economic Outlook (WEO) report with its latest macro forecasts on Greece, the IMF published on Wednesday its updated fiscal estimates in the October Fiscal Monitor (FM) report.
-
Economy
Tax arrears rise again in August as 645 mln in new debt added for total of 6.92 bln this year Greece’s new unpaid taxes resumed an accelerating trend growing by 645 million euros in August from 388 million in July, General Secretariat of Information Systems (GSIS) data showed on Monday.
-
EconomyProgramme
European Commission's Greek DSA sees recession ahead, debt becoming unsustainable Ahead of the Eurogroup meeting on Friday, the European Commission prepared an updated Debt Sustainability Analysis (DSA), which was published by the Wall Street Journal.