Economy
Drop in trade deficit slows to 8.8 pct in August as decline in imports decelerates
Following a nosedive of 63.1 percent in July, Greece’s trade deficit fell by 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) said on Thursday.
Unemployment unchanged at 25 pct in July
Greece’s seasonally adjusted (SA) unemployment rate remained stable at 25 percent in July, following a downward revision of the figure for June, the Hellenic Statistical Agency (ELSTAT) labour force survey displayed on Thursday.
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.
Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
The Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion to 87.9 billion, Bank of Greece (BoG) said on Wednesday.
![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 aligns Greek projections with EU, revises down GDP
In its latest World Economic Outlook (WEO) published on Tuesday, the IMF presented its updated macro forecasts on Greece, which are based on data available on August 12.
Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
The Greek Finance Ministry (MoF) submitted the 2016 draft budget to Parliament on Monday evening.
Lenders set out 49 milestones for Greece to meet before next bailout tranche
The Eurogroup Working Group (EWG) decided on Friday a long list of 49 milestones that Greece will have to achieve by mid-October for the disbursement of the next bailout sub-tranche of 2 billion euros.
Greek stocks down 5.1 pct over week as investors remain cautious
The domestic market continued heading south for the second straight week, with markedly subdued trading activity on the lack of positive catalysts and nervousness in the global markets.
Lenders also require health and labour market reforms from gov't in next months
While the attention regarding the key deliverables outlined in the third memorandum of understanding (MoU) has fallen on the areas of fiscal policy, pension reform, energy market and privatisation, there are a series of measures that have to be implemented that relate to health care and the labour market.
PMI rebounded in September, but survey data still point to a downturn on lack of new orders
Greece’s Manufacturing PMI further rose by 4.2 points to 43.3 in September from 39.1 in August, Markit said on Thursday.