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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomythis is expected to significantly slow down in Q3 due to the imposition of capital controls. Since 2008... of capital controls, it is expected that a similar performance will be evident in Q3. Note though that due... (S&P) for 2015. However, some of them have not been updated after the imposition of capital controls
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Car registration growth slows to 6.7 pct in September
Economybefore the imposition of capital controls in late June exceeded the 10,000-mark. The aggregate... of 23.9 percent was recorded largely due to the capital controls. Nevertheless, the positive trend... and increased interest from customers amid fears for Grexit or imposition of capital controls and deposit
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PMI continued improving in Oct but survey data points to economic struggle ahead
EconomyMacroeconomyunabated since January and the recent data reflects the negative impact from capital controls... related to capital controls and payment difficulties. However, the recorded decrease in volumes... lengthened in October largely attributed to capital controls and lack of raw materials at vendors
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Newsletter 81 - 08/07/2016
noted that the lifting of capital controls would be a gradual process, adding that the restrictions..., Fitch noted that capital controls could be gradually relaxed from the end of 2016, subject to a stable... precondition for the lifting of capital controls. In addition, Fitch said that following the ECB’s
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Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
EconomyMacroeconomyas last year’s figure was burdened by the imposition of capital controls. General government... controls. In addition, travel receipts rebounded 2.3 percent in September, while dropped by 5.5 percent... of 12 percent, since last year’s figure was weighed by the capital controls. In particular, imports
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammecontrols. In specific, the draft stresses that starting from December 2016 the Bank of Greece (BoG) will send a quarterly report to the institutions including key statistics related to capital controls..., MoF and BoG will have to publish a roadmap for the relaxation of capital controls outlining
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankingon the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015... was the provision of the legal framework of capital controls that allowed repatriated funds to be transferred... withdrawals and the administrative controls on transfers abroad mainly burdened corporates rather than
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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomycontrols. The bank notes that the contraction of credit to nonfinancial entities appears to be bottoming... to small- and medium-sized enterprises (SMEs, 60.7). Capital controls remain a problem although measures have been taken to relax them. The continuation of measures to lift capital controls along
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Debt relief or debt restructuring for Greece?
Agoraresult was the implosion of the banking sector and the first-time introduction of capital controls for a member of the euro area. These controls have now been in place for nine months and show no signs
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A macroeconomic assessment of the Cypriot economy after the haircut
Agoraforeign depositors and the foreign business sector (also by opening up capital controls for foreigners... of liquidity in an economy with limited money supply growth and in the presence of capital controls
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