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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyis lower than the 2.2 percent expected in the spring forecasts published in May, compared to a 2... to 2.3 percent, decelerating to 2 percent in 2021. It is worth highlighting that the Greek authorities... in 2020 and by 2 percent in autumn last year. The growth in employment is expected to remain solid
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Newsletter 238 -07/02/2020
, Phoenix and Vega. The first portfolio, code-named Phoenix, carries a gross book value of 2 billion euros... securitisations in the first half of 2020. 2 Unemployment at 16.5 pct in Nov Total employment reaches 3.91... or a rise of 2 percent. Total employment reached 3.91 million people. The overall labour force came
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingof 2 percent YoY. Asset quality NPEs fell by around 1.2 billion euros in Q4, taking the stock to 24.5... billion, and Phoenix valued at 2 billion. These portfolios will be placed with the Hellenic Asset... reached 1.44 billion, a rise of 2 percent YoY. The bank’s management noted that 4.1 billion in new
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Newsletter 285 - 19/02/2021
nomad/brain drain initiative is still under preparation, according to Kathimerini 2 CPI falls by 2... for the last 10 months. Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY... percent in January, less than the decrease of 2 percent in December. The harmonised index
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Industrial turnover completes eighth month of contraction in Nov, falls 2.7 pct YoY
EconomyMacroeconomy-on-year (YoY) from a 2 percent decrease in October, according to data released by the Hellenic..., basic metals. Revenue in the domestic market decreased by 2 percent, while the non-domestic market was down by 2.5 percent. On a monthly basis, industrial turnover in the total market decreased by 2
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Underwhelming GDP highlights investment falling short of mark
EconomyMacroeconomy, as the momentum from the pandemic recovery started to ease, GDP recorded growth rates of 2 pct, 2.7... for. That said, growth of 2 pct that outpaces the EU and the eurozone almost four times can hardly... between 2 and no more than 2.5 pct. Once again, fixed capital formation is expected to grow by more
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Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle
Economydigitalisation strategy. In 2024 alone, anti-evasion measures yielded an extra 2 billion euros in tax revenue... to maintain primary budget surpluses of 2–2.5 pct of GDP through the medium term. Greece has also consistently met NATO's 2 pct of GDP defence spending target, avoiding the need for major new defence
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Q1 GDP virtually unchanged with just 0.04 pct QoQ growth, investments drop sharply
EconomyMacroeconomyby 0.7 percent. Exports of goods were down by 0.8 percent QoQ and services exports decreased by 2 percent. Imports of goods dropped by 0.03 percent and services were up by 2 percent. Compared to Q1 2024... in 2025. In its latest WEO released in April, the IMF sees growth of 2 pct in 2025. In its latest
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
EconomyMacroeconomytaken H1 growth to just under 2 percent, which suggests stronger growth will be needed in H2... by 0.8 percent and services were down by 2 percent. Compared to Q2 2024, final consumption... in April, the IMF sees growth of 2 pct in 2025. In its latest economic outlook this month, the OECD
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PASOK unites forces with Greek "Olive Tree" for EP elections but will it be enough?
PoliticsGreek Politics3 percent support in national elections and 2.9 percent in European elections. Greece's other social democratic part, Democratic Left (DIMAR) scored equally poorly with 3.1 and 3 percent respectively. There should be no mistaking the fact that these figures, right on the 3 percent threshold
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