High energy prices fuel uncertainty on fiscal front
Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
Deposit rise of 1.3 bln in May led by corporates as household savings drop
Economic sentiment drops by 3.7 pts in June as all components deteriorate
Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
OECD lowers growth forecast, warns Athens to maintain fiscal credibility
The OECD published on Tuesday its latest global economic outlook in which it has slightly revised downward its forecasts for Greece’s economic growth over the next two years.
This year’s growth is seen at 2.1 percent, slightly lower than the 2.2 percent expected in November last year. Growth for next year is seen at 2 percent, from 2.1 percent in the previous outlook.
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