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EconomyProgramme
IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap The International Monetary Fund (IMF) concluded its consultations with the Greek authorities in the context of its Article IV mission with a statement issued on Friday afternoon in which its staff outline the challenges that the new administration will face.
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EconomyMacroeconomy
GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY Greece’s seasonally adjusted (SA) GDP increased by 0.8 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2019 after an increase of 0.2 percent in Q1, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
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Economy
New government sets sights on sustainable and wide-reaching tourism industry Greece’s new tourism minister, Haris Theocharis, has said that Greece needs a ten-year plan to boost the country’s vital tourism sector.
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EconomyMacroeconomy
GDP rises by 0.2 pct QoQ in Q1, increases by 1.3 pct YoY Greece’s seasonally adjusted (SA) GDP increased by 0.2 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2019 after a decline of -0.1 percent seen in Q4 2018, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
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EconomyMacroeconomy
OECD lowers growth forecast, warns Athens to maintain fiscal credibility The OECD published on Tuesday its latest global economic outlook in which it has slightly revised downward its forecasts for Greece’s economic growth over the next two years.
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EconomyMacroeconomy
EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments The European Commission (EC) issued on Tuesday its regular spring forecasts for 2019, which showed that it is now expecting the country to grow by 2.2 percent this year compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter forecast.
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EconomyProgramme
Athens revises projections in Stabilty Programme, sees more fiscal space in coming years Greece submitted on Thursday the Stability Programme for the 2019–2022 period in line with the requirements of the European Parliament and the Council regulations, which also corresponds to the national medium-term fiscal plan.
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Economy S&P keeps rating at 'B+' and highlights obstacles to competitiveness Standard and Poor’s (S&P) reaffirmed on Friday its credit rating for Greece at ‘B+’, also maintaining its positive outlook.
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Economy
Fiscal data points to primary surplus of 4.4 pct in 2018, beating target of 3.5 pct The Hellenic Statistical Authority (ELSTAT), announced on Tuesday the fiscal data for the period between 2015 and 2018 in the context of the first Excessive Deficit Procedure (EDP) notification of 2019.
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EconomyProgramme IMF outlines areas in which Greece needs further reforms, where it should apply caution The International Monetary Fund (IMF) issued on Tuesday its first post-programme report for Greece as part of the regular monitoring cycle of assessing policies and the country’s capacity to repay the Fund.