Macroeconomy
Budget primary surplus at 494 mln in Mar amid first signs of Covid-19 impact on revenues
The budget primary balance recorded a surplus of 494 million euros in the first three months of 2020, compared to a surplus of 1.44 billion in March 2019, the final Finance Ministry (MoF) budget execution bulletin showed on Monday.
Disposable income edges up by 0.2 pct YoY in Q4, final consumption up by 2.7 pct
Greek household disposable income grew by 0.2 percent year-on-year (YoY) in the fourth quarter (Q4) of 2019, decreasing from the rise of 3.5 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Travel balance more than double in Feb as arrivals increase by 24.6 pct
Greece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown.
Current account shows deficit of 1.14 bln in February
Greece’s current account (C/A) balance posted a deficit of 1.14 billion euros in February compared to a deficit of 1.29 billion in January, Bank of Greece (BoG) data showed on Tuesday.
Primary cash balance deficit at 326 mln in March
Greece’s central government primary cash balance recorded a deficit of 326 billion euros in the first three months of the year according to figures released by the Bank of Greece (BoG).
Industrial turnover drops by 2.4 pct in February
Greece’s industrial turnover fell by 2.4 percent year-on-year (YoY) in February compared to a slightly upward revised increase of 5.8 percent in January, Hellenic Statistical Authority (ELSTAT) data published on Thursday showed.
IMF expects difficult year for public finances, PBO highlights impact on labour force
The IMF released on Wednesday its Fiscal Monitor report, which compounded the grim picture for Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook that was published on Tuesday.
Budget primary surplus at 595 mln in March
The budget primary balance recorded a surplus of 595 million euros in the first three months of 2020, compared to a surplus of 1.44 billion noted in March 2019, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.
IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
The IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP dropping by 3 pct in 2020, subject to various uncertainties.
Building permits increase by 55.7 pct in January
Building permits rose by 55.7 percent year-on-year (YoY) in January compared to a rise of 50.3 percent percent in December, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.