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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammeto some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2... of the tax-free threshold to be carried out next year along with the pension cuts worth 1 percent of GDP... programme. “Triggers for a rating upgrade could include: (1) continued successful implementation of fiscal
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CPI up by 1.1 pct in Sept for highest rise since Nov 2017
EconomyMacroeconomy(-1.2 percent) and recreation and culture (-1 percent). The month-on-month increase of 2 percent...Greece’s Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent..., the last time that the CPI went above 1 percent was in November 2017. The average CPI for the latest
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Piecemeal process likely in drive for more fiscal space
EconomyProgrammecase it will free up 0.6 pct of GDP space towards tax cuts. The government plans to direct 2 billion... hinges on securing a 1 pct of GDP reduction in the surplus goal. The Greek side is arguing that the reduction in borrowing costs alone since the start of the year has created already fiscal space of 2
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomynot changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... Minister Christos Staikouras admitted that average inflation in 2022 will range between 1.5 and 2... as fuel prices, also thanks to the heavy tax wedge, are approaching 2 euros per litre in gas stations even
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Interest Rate, Households Deposits, Old, Up to 2 years maturity
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Interest Rate, Non-Financial Corporations Deposits, Old, Up to 2 years maturity
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Honey, I shrunk the Greeks vol. 2
AgoraThe IMF formally announced on Friday that it changed the policy of exceptional access criteria, in essence reversing a highly political decision of the Fund back in 2010, a decision that saved the euro and paved the path for half a decade of economic de...
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Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved by 2.2 points to 94.6 in December after falling by 1.4 points in November, European Commission (EC) figures showed on Friday. The headline figure in December is the highest reading since March 2015, when ESI st...
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The Agora Podcast - Episode 2 (Tourism, but not as we know it)
AgoraThe second episode in our new podcast series looks at how the Greek tourism industry is faring amid the turbulence caused by the coronavirus. Host Nick Malkoutzis speaks to a specialist on the subject, Eleftheria Pantziou of Greek Travel Pages, to find ...
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Budget primary deficit improves by 7.2 bln YoY in 2021, beats target by nearly 2 bln
EconomyMacroeconomyThe budget primary balance for the full year landed at a deficit of 10.99 billion euros in 2021, compared to a deficit of 18.2 billion in 2020, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. The primary bal...
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