Macroeconomy
Trade deficit falls by 23.1 pct in March on growing exports, falling imports
Greece’s trade deficit shrank by 23.1 percent in March, building momentum on February’s fall of 16.6 percent, according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
New overdue taxes up by 776 mln in March, total stock at 101.44 bln
Greece’s new tax debt increased by 776 million in March following a rise of 2 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) revealed on Monday.
General govt primary cash surplus at 2.58 bln in March as revenues rise
Greece’s general government (gg) primary cash surplus amounted to 2.58 billion in the first three months of 2018, up 519 million euros compared to the same time last year, according to the Finance Ministry’s monthly gg bulletin.
EC forecast acknowledges pressure on Greek households, revises down growth
The European Commission (EC) had to revise its growth estimates for Greece in its Spring 2018 forecasts and is now expecting the country to grow this year by 1.9 percent, from 2.5 percent previously.
OECD report outlines steps to reduce burgeoning poverty rate in Greece
In its latest survey on Greece that the Organisation of Economic Co-operation and Development (OECD) published on Greece earlier in the week, the Paris-based think tank dedicates a section on lowering poverty and protecting households that through the loss of jobs and wage cuts have been severely affected by the crisis, leading to a significant surge in poverty rates.
Greece’s unstable and confusing tax system failing to deliver results
A report by the diaNeOsis research and policy institute has painted a troubling picture of Greece’s taxation system as the country nears it programme exit.
OECD highlights reforms and imbalances that need to be addressed
The Organisation of Economic Co-Operation and Development (OECD) issued on Monday its latest survey on Greece, which was also accompanied by a visit to Athens by Secretary General Angel Gurria during which he met the Greek Prime Minister and other officials.
PMI slows to 52.9 pts in April, sector confidence hits all-time high
Greece’s Manufacturing PMI dropped by 2.1 points to 52.9 in April, nearing almost one full year where the reading has stayed above the 50-mark threshold.
Strong deposit growth of 1.14 bln noted in March
Net deposit movement in the Greek banking system turned strongly positive in March, with inflows of 1.14 billion compared to inflows of 59 million in February, Bank of Greece (BoG) figures revealed on Monday.
Credit contraction at 1 pct in March, balance at 180.34 bln
Credit contraction in the Greek market came to 1 percent in March compared to a contraction of 0.9 percent in February according to Bank of Greece (BoG) figures released on Monday.