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General govt primary cash surplus at 7.15 bln in Nov, arrears reduced further
EconomyMacroeconomy-on-year to 70.31 billion. A 32.2 percent fall in transfers was the main factor behind the decline.... This was driven by a combination of a fall in social benefits (-780 million), the purchase of non-financial... the 40-billion mark for a second month this year. The fall originates almost entirely from a fall in Emergency
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomy) monthly financial statement revealed on Thursday. The fall across the month brought central bank.... The decline was entirely driven by a fall in Emergency Liquidity Assistance (ELA) funding by 3.34... bailout programme. Following this, the majority of the fall (76.55 billion) originated from a lower
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Newsletter 211 -21/06/2019
stood at a surplus of 200.3 million, declining by 4.1 percent YoY. This stemmed from a fall of 11.3..., staying under 10 billion across the year so far. The movements in May largely reflect a fall of 397 million euros in European Central Bank (ECB) funding, along with a fall of 1 million euros
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CPI remains static in July
EconomyMacroeconomya fall of 1.2 percent. The overall CPI fall on an annual basis was driven by a decrease of 2.1 percent drop in the price of household equipment, mainly led by a fall in the price of furniture... percent fall in food and non-alcoholic beverages, plus a 1.7 percent decline in miscellaneous goods
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Newsletter 247 -10/04/2020
to fall by an average of 60 percent. Only 18 percent of businesses expected that they would... a fall of 43.1 percent. Trade deficit up by 7.8 pct in February Figure for first two months showed... percent decrease in the electricity supply index, followed by a 2.1 percent fall in the manufacturing
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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeaturesis anticipated to fall by 87 percent. The USA contributed 6.5 percent of overall tourism revenue... on domestic flights. Spending on hotel and resort stays is expected to fall by 79 percent. In addition... to fall by 63 percent. Finally for Italy, which made up 6 percent of tourism revenue in 2019
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General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomy-on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 512 million... million. Overall, the state budget primary balance showed a fall of 2.68 billion euros, landing... ago. The next largest fall was in sales of non-financial assets with a decline of 994 million, taking
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OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
EconomyMacroeconomythat GDP will fall by up to 8 percent in 2020 under a single-hit scenario, with a recovery of 4.5 percent in 2021. If there is a second virus outbreak later in the year, Greece’s GDP is forecast to fall... as high as 20.4 percent under a double-hit scenario. Private consumption is expected to fall by 8
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomy, falling by 39.7 percent YoY. At the same time, total exports reached 1.98 billion euros, a fall of 33.5 percent YoY. BoG noted that the fall in imports and exports largely stemmed from a decline... of the balance of goods decreased thanks to a fall in imports at a faster pace than the decline
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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomy-on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 636 million... against 1.24 billion euros last year. Overall, the state budget primary balance showed a fall of 9.33... 25.63 billion a year ago. The next largest fall was in sales of non-financial assets with a decline
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