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High energy prices fuel uncertainty on fiscal front
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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
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Economic sentiment drops by 3.7 pts in June as all components deteriorate
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
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Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
OECD's Greek debt forecast shakes foundations of troika DSA
The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, handed Antonis Samaras the Paris-based body’s Economic Survey for Greece on Wednesday. It contains staggering projections with regard to the country’s debt and gives the Greek prime minister and his cabinet much to think about.
The OECD outlines 329 actions and measures that can help Greece improve its competitiveness. It also highlights the sluggish performance of Greek exports - one of the areas the troika-led program has so far failed to improve. But most alarmingly, the OE...
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