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Newsletter 115 - 21/04/2017
for three or four years after the end of the programme in 2018, before it is lowered to around 2... forecasted a 2 percent of GDP primary surplus that year, which is substantially below the 3.5 percent target... to 2 percent (from 1.6 percent). However, the Fund estimates a lower primary surplus of 1.5 percent
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking, collections and liquidations (4.4 billion) and selected sales (2 billion). P&L NII remained almost... by the impact of asset deleveraging. Fees increased by almost 2 percent QoQ to 82 million, while the top-line benefitted from other income of 37 million in Q2 from -2 million in Q1, largely due
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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomypercent year-on-year (YoY) after upwards revised growth of 2 percent in Q4. The GDP movement in Q1... upwards revised growth of 2 percent in Q4. The headline GDP growth on an annual basis is the highest...) revised Greece’s growth from 2.6 percent in 2018 to 2 percent. The forecast for 2019 was also
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Newsletter 166 -15/06/2018
of maturities will be set at 15 years but will be reduced by 2 years for each 5 billion euros... 21 when there is a Eurogroup meeting.” . 2 Hirings balance positive by 108,725 in May New record high... 68.4 percent in Q1, declining for a second consecutive quarter. Wages index rises by 2 pct in Q1
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyjust short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019...’s GDP was expected to grow by 2 percent in 2019 and by 2.8 percent in 2020. The IMF meanwhile anticipated growth of 1.8 percent in 2019, followed by 2.3 percent in 2020 and 2 percent in 2021
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General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomy(including tax refund arrears) fell by 2 million compared to March and came to 2.40 billion. Month... (-3 million each). Extrabudgetary funds fell by 2 million euros, while rises were noted in tax refunds (+16 million) and SSfs (+2 million). Since the start of the year, total arrears have fallen
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Does the EU Commission suffer from optimism bias? (Part 1)
Agoraand why these differences are important for policy interpretation. In part 2 of this blog, we will call.... Real GDP is the product of labor input and average labor productivity (Q = L *(Q/L)). Figure 2 shows..., and a bigger labor force, hence delivering higher employment throughout the future years (Figure 2
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Newsletter 415 - 08/03/2024
, as the momentum from the pandemic recovery started to ease, GDP recorded growth rates of 2 pct, 2.7 pct..., growth of 2 pct that outpaces the EU and the eurozone almost four times can hardly be considered... between 2 and no more than 2.5 pct. Once again, fixed capital formation is expected to grow by more than
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European Commission review of Greek programme: The key points
EconomyProgrammerecovery, unemployment is seen easing by 1.3 percentage points (pp) in 2014 and by an additional 2... year, 2 billion could not be cleared in 2013 and therefore are expected to be paid in 2014. Delays... trade law, 2) adoption of investment licensing and spatial planning laws, 3) update the list
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Here's why IOBE think tank sees Greek economy growing 0.7 pct this year
Economyreleased before three months. Private consumption is seen growing by 0.5 to 1 percent (from -2... to around 2 percent in 2014 (from -3 percent before), in line with official estimates, on the back... retreating this year by 2 to 3 percent (from a previous estimate that they would rise by 5 to 8 percent), yet
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