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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomyin the C/A balance by 1.09 billion year on year (YoY) drop reflects a shrinking of the goods’ deficit... that the drop in the goods’ deficit mainly stems from a 14.6 percent decline in imports. Exports fell... percent drop in the corresponding payments led travel balance to a surplus of 40.9 million from deficit
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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomy, the services surplus fell by 141 million from last year. The modest drop in the goods’ deficit reflects... that despite the drop in exports at current prices by 5.4 percent, the respective figure at constant..., the latter reflects a drop in arrivals by 2 percent, while we conclude that the average spending per
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Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
EconomyMacroeconomyThe drop in the nominal value of apartments in Greece came to 0.2 percent year-on-year (YoY) in the first quarter (Q1) of 2018, slowing from a revised drop of 0.4 percent in Q4 2017, Bank of Greece (BoG) data showed on Tuesday. The latest figure marks three continuous quarters during which the drop
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Tourism institute shows international flight seat schedule to Greece down by 7 pct in 2019
EconomyFeaturesthat international tourist arrivals could drop by up to 7 percent in 2019. In a publication titled “The prospects... percent of tourism revenue in 2018, a drop of 7 percent in international arrivals can be expected.... It was noted that the drop comes after a 21 percent increase in scheduled seats seen between 2017
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyactivity between April and June. The PBO notes that the annual drop of 15.2 pct that ELSTAT... initially thought. PBO notes that the economic deterioration in the second quarter was led by a drop in private consumption, lower investments and a sharp drop in exports that impacted the trade deficit
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Industrial turnover drops by 16.2 pct in July as manufacturing slows
EconomyMacroeconomyGreece’s industrial turnover fell by 16.2 percent year-on-year (YoY) in July compared to a drop... by a 16.5 percent drop in the manufacturing index. The turnover index in mining and quarrying rose by 9.7... in the domestic market fell by 17.8 percent. The drop in the domestic market was driven by a fall
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Apartment prices down 9.2 pct in Q3 as lifting of foreclosure ban mulled
EconomyMacroeconomy, the drop in apartment prices accelerated from a mid-single digit level in 2010 and 2011 to a low double-digit number as of 2012 with no signs of stabilisation at the moment. New (up to five years old) apartments, particularly in Athens, are those mostly hit. The respective drop in the transaction-related
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Loan rates rebounded in July, deposit rates continued heading south
EconomyMacroeconomypercent in July, according to the Bank of Greece (BoG). The year to date drop stands at 54 bps... narrowed by 6 bps to 1.45 percent in July from 1.51 percent in June, with the year to date drop...’ sectors from June backwards, which now show that the average loan rate drop in June stood at 27 bps
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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economyon Greece’s external sector then the output drop in 2020 will reach 8 pct. It is worth noting that had... economic collapse. Private consumption is expected to drop by 4.1 pct, while public spending will rise... and the external environment deterioration will get reflected on a 19.2 pct drop in exports of goods
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyto a milder drop of 0.6 percent in Q1. Household expenditure fell by 11.3 percent, while general... to drop by 4.1 percent in 2020 and public consumption is seen as rising by 1 percent. Final consumption represents the majority of GDP, making up around 94 percent of the total figure in Q2
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