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Fiscal surplus back in focus ahead of IMF debt discussions
PoliticsGreek Politicsto around 2 percent. Fiscal gap The fiscal performance for 2018 became an issue again in Greece after the IMF Fiscal Monitor report published on Wednesday indicated that the Fund sees a 2 percent of GDP... as the Fund made a significant revision of its forecast for the 2016 budget primary surplus, which it now
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Newsletter 126 - 07/07/2017
of 117 million. The primary surplus of the state budget also declined by 1.15 billion to stand at 757... 2017, following a request by the BoG. The fall of 2 billion euros reflects positive developments in the liquidity of Greek banks. 2 Unemployment falls to 21.7 pct in April The jobless rate has fallen
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Revised GDP data shows recession for 2016, higher growth in 2014
EconomyMacroeconomysources, including household consumption and budget surveys, balance of payments and external trade... and services dropped by 1.8 percent, against a 2 percent decrease in the first estimate. The economy... by 0.8 percent and general government spending was down by 2 percent. Exports dropped by 5.1 percent
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesin the electricity and gas sectors fell to 2 percent of GDP in 2011-2015 compared to levels over 4 percent... projects, with 42 percent of the budget (around 9 billion euros) allocated to the energy sector..., with the potential to add a further 2 bcm/y in a second phase), it is important because it will allow
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Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
Economy. Public finances are on a more sustainable path, with primary surpluses in excess of 2 percent of GDP... the view that the budget targets are likely to be met even if economic growth turns out to be more... such as the European Investment Bank (EIB). Moody's keeps the real GDP growth forecasts unchanged at 2
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Newsletter 153 -2/03/2018
. This is to be decided in May, when there will be a clearer picture of this year’s budget execution and whether..., this difference stood at 16.3 points. 2 Economic sentiment at 104.3 pts in Feb Headline figure reaches... and fell by 2 points to -53 in February compared to -51 in January. Year-on-year, consumer confidence has
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Eurogroup marks end of cycle and squaring of circle for Greece
Agoraand the restoration of the transfer of ANFA and SMP profits to Greece (as of budget year 2017) - Early... a debt buy-back in the end of 2012. A margin of 2 percent was foreseen from 2017 onwards. This margin... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18
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CPI up by 1.1 pct in Sept for highest rise since Nov 2017
EconomyMacroeconomy12-months since October 2017 came to 0.6 percent. Month-on-month, the CPI rose by 2 percent compared... (-1.2 percent) and recreation and culture (-1 percent). The month-on-month increase of 2 percent...), and yoghurt (-3.3 percent). The Finance Ministry’s projection in the budget sees the HICP rising
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Newsletter 189 -11/01/2018
budget primary balance showed a rise of 1.99 billion euros to come to a surplus of 4.39 billion.../ESM/IMF loans edged down by a slight 2 million, and represented 71.5 percent of the total debt... requirements. 2 Unemployment at 18.6 pct in October Number of unemployed falls by 12.2 pct year
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FDI, rather than tax cuts, holds key to stronger growth rates - study
EconomyFeaturesthat such measures were not enough to boost economic growth due to their high budget costs. IHS Markit... concluded that if FDI increases by 2 billion euros by 2020, this would raise fixed investment by nearly 8... percent higher. Without FDI inflows of around 2 billion per year, it will take Greece until 2035
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