Economy
![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 sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
The International Monetary Fund has mapped out what it believes Greece’s fiscal path will look like in the Fiscal Monitor that was released as part of the meetings with the World Bank currently being held in Washington
Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023
Amidst gloomy global economic prospects, which led to significant growth revisions in the World Economic Outlook that was published yesterday as part of the annual meetings of the IMF and World Bank, the Fund offered a small glimpse of hope to the Greek authorities for the challenging year ahead.
Car market growth slows to 4.9 pct for 9M, from 23.1 pct last year
The rise in road motor vehicles going into circulation for the first time slowed down in September, rising by 4.7 percent year-on-year (YoY), from 19.1 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Industrial production up by 3.9 pct in Aug as rare monthly contraction is recorded
Greece’s Industrial Production Index (IPI) continued recording gains in August, although by a more modest 3.9 percent year-on-year (YoY), after rising by a downwards revised 6.5 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Inflation at 12 pct in Sep as CPI records highest monthly rise of the year
Greece’s Consumer Price Index (CPI) jumped back up in September, rising by 12 percent year-on-year (YoY), from 11.4 percent in August, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Fitch published its latest credit rating review on Friday, essentially affirming the consensus that has been building up in the markets during the recent months, that the prospect of the investment grade is being pushed out to 2023.
Trade deficit of 2.9 bln in Aug takes aggregate to 23.66 bln, up by 60 pct YoY
The rise in Greece’s trade deficit slowed further in August, but increased by a sizable 29.9 percent year-on-year, according to data released by ELSTAT on Friday.
Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
The Finance Ministry tabled in Parliament on Monday the draft budget for 2023, in which Greece is seen growing by 2.1 pct in 2023 and securing a primary surplus of 0.7 pct of GDP, marginally below the stated commitments.
Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month
Greece’s Manufacturing PMI improved by 0.9 points in September, rising to 49.7 points, from 48.8 points recorded in August, according to S&P Global data released on Monday.
Unemployment stable at 12.2 pct in August despite strong tourism season
Greece’s seasonally adjusted (SA) unemployment rate remained stable in August at 12.2 percent, after a downward revision in July, from 12.6 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday.