Macroeconomy
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.
Retail turnover drops by 3 pct and volume by 0.9 pct in March
Greece’s retail sales index decreased by 3 percent in March following a revised drop of 4 percent in February, Hellenic Statistical Authority data showed on Monday.
Economic sentiment rises to 108.6 pts in May; industry hits 2007 high
Greece’s economic sentiment (ESI) rose sharply in May by 10.7 points to 108.6 points, following a 1 point month-on-month rise in April, European Commission figures showed on Friday.
Unemployment at 15.9 pct in February
Greece’s seasonally adjusted (SA) unemployment rate dropped to 15.9 percent in February from a revised 16.1 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed on Friday.
Budget primary deficit confirmed at 6.2 bln in April; below target
The budget primary balance recorded a deficit of 6.2 billion euros in the first four month of 2021, compared with a deficit of 1.52 billion in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for April showed on Tuesday.
Travel balance falls by 71.7 pct in March
Greece’s travel balance came to a surplus of 9.2 million euros in March from 32.5 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 71.7 percent year-on-year (YoY).
Current account shows deficit of 1.46 bln in March as imports rise
Greece posted a current account (C/A) deficit of 1.46 billion euros in March compared to 840.3 million euros in February, Bank of Greece (BoG) data showed on Friday.
Industrial turnover jumps 18.6 pct in March vs last year's lockdown
Greece’s industrial turnover increased 18.6 percent from a year earlier in March, compared with a revised drop of 2.6 percent in February.
Primary cash balance deficit at 6.14 bln in April
Greece’s central government recorded a primary cash balance deficit of 6.14 billion euros in the first four months of the year, according to figures released by the Bank of Greece.
Central government debt rises 6.79 bln to 380.8 bln in Q1
Greece’s central government debt increased by 6.79 billion euros to 380.8 billion euros quarter-on-quarter (QoQ) in the first quarter (Q1) of 2021, from 374 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.