Economy
Budget primary shows deficit of 5.86 bln in June, target shortfall widens to 6.18 bln
The budget primary balance recorded a deficit of 5.86 billion euros in the first half of 2020, compared to a surplus of 381 million noted in June 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for June showed on Wednesday.
Most businesses think two years needed to overcome Covid-19, expect more govt assistance
Naftemporiki newspaper in collaboration with polling company Rass and Forum2020.gr have released a study illustrating the thoughts of businesses on the coronavirus pandemic in Greece.
Summer season looks under threat as revenues fail to materialise
Greece’s efforts to restart its vital tourism sector and capture revenues from the peak which usually takes place between June to September appear to be faltering according to the latest data.
Building permits fall by 22.4 pct in April
Building permits fell by 22.4 percent year-on-year (YoY) in April compared to a rise of 10.2 percent in March, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Industrial production drops by 7.5 percent in May
Greece’s Industrial Production Index (IPI) decreased by 7.5 percent year-on-year (YoY) in May following a slightly downward revised increase of 10.2 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
CPI falls by 1.6 pct YoY in June
Greece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year (YoY) in June compared to a decline of 1.1 percent seen in May, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Car sales drop by 24.7 pct in June and 33.1 pct in first 6 months
Road motor vehicles going into circulation for the first time fell by 24.7 percent in June, softening compared to a sharper drop of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment edges upward to 15.5 pct in April
Greece’s seasonally adjusted (SA) unemployment rate came to 15.5 percent in April from a slightly upward revised figure of 14.5 percent in March, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
OECD forecasts unemployment increase into 2021
The OECD has released its employment outlook for 2020 in the context of the coronavirus crisis, highlighting the impact that the pandemic will have on the global job market.
EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
The European Commission slightly revised its forecasts for Greece in the interim Summer forecast released on Tuesday, compared to the Spring forecasts that were released at the beginning of May.