Macroeconomy
These were the key drivers behind Greece's strong fiscal performance in 2016
The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.
Credit standards and demand for corporate, household loans stable in Q1
Credit standards for both corporate and household loans stayed unchanged from the previous quarter in the first quarter (Q1) of 2017, in line with earlier expectations, Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday.
New overdue tax obligations increase by 989 mln in Feb, stock reaches 94 bln
Greece’s new tax debt rose at a slower pace of 989 million euros in February after an increase by 1.63 billion in January, the Independent Authority of Public Revenues (IAPR) data revealed on Monday.
Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
The budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin.
Travel receipts fall by another 3.1 pct in Feb on lower spending
Greece's travel receipts continued to fall in February, when they dropped by 3.1 percent, after a decrease of 2.4 percent in January, Bank of Greece (BoG) figures showed on Friday.
Primary surplus up to 3.9 pct of GDP in 2016, far above target
Greece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday.
Primary cash balance turns to 295 mln deficit in Q1
Greece’s central government primary cash balance turned to a deficit of 295 million euros in the 3-month period of 2017 from surplus of 2.85 billion a year ago, Bank of Greece (BoG) figures showed on Thursday.
Industrial turnover continues on upward curve with 20.9 pct rise in Feb
Greece’s Turnover Index in Industry continued rising at a double-digit pace of 20.9 percent in February, although this was slower than the growth rate of 26.7 percent recorded in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Current account deficit expands to 937 million in Feb
Greece’s current account (C/A) deficit widened by 108.8 million euros to 936.9 million in February from 828.1 million last year, Bank of Greece (BoG) figures revealed on Thursday.
IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
A day after the publication of its World Economic Outlook (WEO), the IMF released on Wednesday its Fiscal Monitor, which provided its updated fiscal estimates.