Economy
Trade deficit rises by 70.7 pct in April, mainly due to base effect
Greece’s trade deficit rose by 70.7 percent year-on-year (YoY) in April compared to an increase of 26.6 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.
GDP rises by 4.4 pct QoQ in Q1 and falls 2.3 pct YoY
Greece’s seasonally adjusted (SA) GDP rose by 4.4 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2021 after an upward revised increase of 3.4 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Corporates had tough first quarter as pandemic dragged on
With many large corporates having now reported their financials for the first quarter (Q1), the results showed them continuing to feel the squeeze to both their top and bottom lines.
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.