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  1. Newsletter 218 -06/09/2019

    Newsletters

    target of 3.5 percent of GDP for this year and in 2020. He said Athens plans to launch a discussion about reducing the fiscal goals from 2021 onwards next year, when it has won trust and implemented... adjusted (SA) GDP increased by 1.9 percent year-on-year (YoY) in the second quarter (Q2) of 2019 after

    2%

  2. Newsletter 220 -20/09/2019

    Newsletters

    much of their focus on next year’s budget, particularly in terms of how the relief measures... will be forecasting higher growth for next year, delivering greater revenues as well. Additional... that there would be an extra 500 million euros of fiscal space this year to help fund the tax cuts

    2%

  3. EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
    Photo by MacroPolis

    EconomyMacroeconomy

    resilient despite a slowdown in the first half of the year. Gains in exports markets and new fiscal policy... consecutive year and expects Greece to meet its agreed fiscal targets over the next two years, facilitating the reduction in public debt. The report notes that real GDP growth in the first half of the year

    2%

  4. Budget primary surplus confirmed at 6.95 bln in Nov
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to the same month last year when the figure stood at a surplus of 943 million euros, the current... 2020 budget that the primary balance at the end of this year will stand at 4.40 billion euros. The budget balance in the first 11 months of the year recorded a surplus of 1.92 billion euros compared

    2%

  5. Newsletter 235 -17/01/2020

    Newsletters

    to succeed current Greek President Prokopis Pavlopoulos, whose five-year term expires in early March...-year term under the proportional representation voting system. The thinking behind this is that if his... later, possibly even this year as his party rides high in the opinion polls. Speaking at an event

    2%

  6. A sudden turnaround that could lead to sharp shock
    Photo by MacroPolis

    Agora

    of 2.8 percent growth for this year. It seemed like Greece was on a carefree ride to a prosperous... year of the adjustment in 2010, GDP dropped by 5.5 pct. This followed by the deepest drop seen... financial crisis in 2009, Greek sea transport receipts dropped by more than 30 pct year-on-year

    2%

  7. Unemployment at 16.4 pct in January
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    year, the unemployment rate came to 18.5 percent. During January, employment increased by 27 people compared to December. Year-on-year, the figure for those employed increased by 45,907 or a rise... by 18,071 persons year-on-year (+0.6 percent). The total inactive population now stands at 3.23 million

    2%

  8. Newsletter 255 -26/06/2020

    Newsletters

    on Wednesday that he expects GDP to contract by 16 percent in the second quarter of the year. Although this does not change the minister’s expectation for the full-year shrinkage, which he still sees at 8... quarters, Q2 and Q3, after economic activity in the first quarter of the year fell by 1.6 percent

    2%

  9. Current account shows deficit of 1.26 bln in November
    Photo by MacroPolis

    EconomyMacroeconomy

    to 767.4 million in October, Bank of Greece (BoG) data showed. In the same period last year, the balance... year-on-year (YoY). According to the BoG, November’s performance is due to an improvement in both... billion euros, declining by 14.6 percent year-on-year (YoY). The services balance came to a surplus

    2%

  10. Newsletter 282 -29/01/2021

    Newsletters

    by current Premier Kyriakos Mitsotakis. The talks came after an almost five-year hiatus between... first step towards executing the debt strategy for the new year with an impressive transaction... programme in May that year. Although towards the end of last year and the start of 2021

    2%