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Industrial production jumps 5.8% YoY in Aug, led by electricity supply
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CPI accelerates to 5% YoY in Sep as energy dominates
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Trade deficit widens by 3.6% YoY in Aug, at 21.18 bln over eight months
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Volatile energy and bond markets tighten pressure on government
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Draft budget for 2027 foresees positive growth and fiscal outlook in uncertain times
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Manufacturing stays in expansion in Sep despite slight PMI moderation
Draft budget for 2027 centred on strong surplus, selective support measures
The government tabled last Monday the draft budget for 2027 — an election year. The main components of the budget are in line with previous years, alongside a rather generous package of interventions for next year totalling roughly 2.3 billion euros.
In this period of global turbulence and uncertain sovereign bond markets, the budget’s most prominent number is that Greece in 2027 will continue running a total surplus of 743 million euros, or 0.3% of GDP. This follows this year’s total surplus of 1.6...
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