Economy
IMF raises outlook on Greek debt sustainability to merely 'uncertain'
The International Monetary Fund completed the latest round of discussions with the Greek authorities, in the context of the Article IV consultations, and the staff remarks were released on Wednesday.
Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
The Greek authorities overcame one more hurdle in the post-programme surveillance process as the European Commission released on Wednesday the tenth report since the final programme was completed in the summer of 2018.
PMI jumps to 58 points in May, strongest upturn in 20 years
Greece’s manufacturing PMI rose to 58 points in May from 54.4 points in April, signalling that the sector is poised for a strong rebound, according to the latest data from Markit.
Deposits rose by 2.96 bln in April; biggest increase in four months
Net deposit movements in the Greek banking system continued to grind higher, increasing by 2.96 billion euros in April, compared with inflows of 1.65 billion euros in March, Bank of Greece (BoG) figures revealed.
Credit growth in April slows to 2.4 pct; monthly outflow of 787 mln
Credit movement in the Greek private sector rose an annual 2.4 percent in April, compared with 2.9 percent in March, Bank of Greece (BoG) figures showed.
OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
The OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December.
NBG posts 557 mln profit in Q1
National Bank of Greece (NBG) reported a profit after tax of 557 million euros in the first quarter (Q1), compared with a profit of 304 million euros in the same quarter of 2020.
Retail turnover drops by 3 pct and volume by 0.9 pct in March
Greece’s retail sales index decreased by 3 percent in March following a revised drop of 4 percent in February, Hellenic Statistical Authority data showed on Monday.
Economic sentiment rises to 108.6 pts in May; industry hits 2007 high
Greece’s economic sentiment (ESI) rose sharply in May by 10.7 points to 108.6 points, following a 1 point month-on-month rise in April, European Commission figures showed on Friday.
Unemployment at 15.9 pct in February
Greece’s seasonally adjusted (SA) unemployment rate dropped to 15.9 percent in February from a revised 16.1 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed on Friday.