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PBO sees medium-term risks mounting, despite positive near-term outlook
EconomyMacroeconomyThe Parliament Budget Office (PBO) released on Thursday its latest report, for the second quarter... HICP in August, help the revenue side of the budget, particularly taxation, leading to a surplus... deficit of 2 pct of GDP, is not at risk. There are risks though in other areas that will affect macro
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Newsletter 353 - 30/09/2022
to go from 12.3 pct to 11.4 pct. Over the past year, Marc’s soundings show ND losing 2 points... representation system.EconomyHousehold budgets continue to feel strain as spending kept lowThe latest budget..., transport is 16 pct up annually. The 2021 budget survey also captures a rise in inequality
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ND sees limited political threats on path to next year's elections
PoliticsGreek Politicsbudget and a sign of how Prime Minister Kyriakos Mitsotakis wants to pull out all the steps to ensure... of the reasons that the draft budget for 2023, which was tabled on Monday, has a lower than expected primary..., is still a serving MEP. Members of the PEGA committee are due to travel to Athens on November 2
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Economypct. In the draft budget that was submitted a week ago, the Greek authorities see the economy growing by over 2 pct. The difference in macro projections leads also to deviating views on the fiscal... the Greek draft budget forecast for a primary surplus of 0.7 pct of GDP and the commitment to lenders
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyforecast, and pick up pace again in 2024 to 2 pct. The fiscal path is seen on a downward trajectory... is slightly above the 0.7 pct recorded in the draft budget for 2023 of last month. For next year... conditions and a persistent inflation wave in its forecasts. In the draft budget, the Finance Ministry
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Newsletter 362 - 09/12/2022
formation was essentially unchanged with 0.1 pct growth. In the final budget submission for 2023... year. This will be one of the major challenges for the economy and the budget in 2023, as it is seen... in the last quarter of last year, Q4 2022 GDP could record an even deeper contraction of over 2 pct
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Newsletter 400 - 03/11/2023
a primary surplus that will consistently exceed 2 pct for the next four decades. This commitment is already reflected in the 2024 draft budget and the medium-term fiscal strategy. The government... euros more tax revenues from the self-employed with a net budget contribution of 606 million euros
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Newsletter 409 - 26/01/2024
forecast of the Greek authorities in this year’s budget. In the country report attached to Article IV... in 2023 that beat the initial budget estimate at the end of 2022 by 1 billion euros. The IMF does.... This is achieved with primary surpluses of circa 2 pct of GDP up to 2030, dropping to 1.4 pct of GDP
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Newsletter 412 - 16/02/2024
of further support measures, arguing that the budget leaves little room for manoeuvre, promising... as the budget continues to perform strongly in the new year, largely thanks to VAT outperformance, which... pct, then capital goods with 2 pct. Non-durables were down by 0.1 pct and intermediate goods
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Slower growth nixes handout plans, fires criticism of ND's economic policies
PoliticsGreek Politicsquarter of 2023 and by 2 pct for the whole year. These figures were below those expected, as the budget foresaw expansion of 2.4 pct, and mean that the Finance Ministry will have to reexamine the assumptions on which this year’s budget has been put together. It also means that there is likely
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