Economy
OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
The OECD has released its latest economic outlook showing that Greece is unlikely to escape a significant economic downturn due to the second wave of the virus.
Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
The International Monetary Fund (IMF) issued this week the latest post-programme monitoring report, the second since the summer of 2018, when the last programme ended.
PMI drops to 42.3 points in November as second lockdown hits
Greece’s manufacturing PMI fell to 42.3 points in November from 48.7 points in October, according to the latest data from Markit.
NBG results show net profits of 602 mln euros in 9M
National Bank of Greece (NBG) reported net profits of 602 million euros from continued operations in the fιrst nine months (9M) of 2020, compared to 452 million euros in 9M 2019.
Exporters focus on new markets to weather pandemic
Greek exporters are continuing their efforts to ride out the coronavirus pandemic and its second wave by looking at how to change their export profile and tap into new export markets.
Apartment prices rise by 3.2 pct in Q3
The rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the third quarter (Q3) of 2020 from an increase of 4.1 percent in Q2 2020, Bank of Greece (BoG) data showed on Monday.
Retail turnover and volume both drop by 3.5 pct in September
Greece’s retail sales index decreased by 3.5 percent in September following a revised drop of 0.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Pandemic continues to bite into 9M profitability
Aegean Airlines’ nine-month (9M) results for 2020 showed that revenues fell by 67 percent compared to the same time last year.
Economic sentiment dips to 91 in November as consumer confidence continues to slide
Greece’s economic sentiment (ESI) dropped by 1.3 points month-on-month in November to reach 91 points, European Commission (EC) figures showed on Friday.
Credit growth continues with 2.5 pct increase in Oct
Credit movement in the Greek private sector rose by 2.5 percent in October after an increase of 2.4 percent in September, Bank of Greece (BoG) figures showed on Thursday.