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PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
EconomyMacroeconomydecline in hiring” that will soon show up in the unemployment rates. Fiscal data during the first... by the estimates it released in mid-April, with three different scenarios of recovery speeds: a quick recovery... for 2020 estimates range from -4.4 pct, to -8.5 pct and -9.4 pct respectively. Unemployment is seen
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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomyand their overperformance has helped mask the dour situation in the sector. During the last quarter of last year, when... the scale of deviation from the initial assumptions. Also, the estimates of 4.8 pct growth this year... own estimates closer to 2 pct and a stronger rebound in 2022. Given these challenges, it is little
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Govt faces fallout from hospital vaccine mandate, as school opening poses fresh challenges
PoliticsGreek Politicsappointments in time for school. During July and August, under-17s accounted for one in five Covid-19 cases... care workers. The Ministry of Health estimates that around half of the 15,000 unvaccinated healthcare.... The Education Ministry estimates that around 80 pct of educators are vaccinated, and a further 10 pct
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Newsletter 351 - 16/09/2022
the enhanced surveillance framework and during a week that two of the rating agencies, Moody’s and DBRS... Staikouras highlighted the outperformance of the Greek economy compared to the previous estimates... outpaced the ministry’s estimates, with the total cost for 2022 jumping to 13.2 billion euros, up by 55
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EC tweaks forecasts, sees 2023 growth at 1.2 pct
EconomyMacroeconomyin 2024 is now seen at 2.2 percent, from 2 percent in autumn. Price growth during 2022 was 9.3 percent, while a 4.5 percent is expected this year and 2.4 percent in 2024. These estimates are revised...The European Commission updated its estimates in the latest winter forecasts, essentially retaining
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Raging fires and deaths force government onto defensive, create dangerous mix
PoliticsGreek Politics, and acting party leader, Sokratis Famellos provided during a radio interview on Tuesday a taste of what kind... in Parliament about this issue. Its request came as the National Observatory said that preliminary estimates.... Preliminary estimates suggest that, so far, the destruction caused by wildfires in Greece this year
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Newsletter 492 - 23/01/2026
, there was renewed scrutiny this week of two of the most damaging episodes seen during his administration... fiscal rules and the activation of the escape clause for defence spending. Initial estimates suggest... euros. A study published by the Parliamentary Budget Office estimates that, under the new fiscal
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Newsletter 498 - 13/03/2026
to a frontline member state during this crisis - was designed to send a message: Cyprus is European... of Greece (NBG) estimates that if current conditions extend into April, they could trim half a percentage... to be felt in their operations, initially through energy channels. If the estimates of many analysts
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What would a clean bailout exit for Greece mean in numbers?
Agora) and has additionally disbursed 12 billion during the second program in the form of an Extended Fund... alone. The servicing costs are an estimated 1.6 billion euros, by far the heaviest part of Greece’s... as normal and interest payments have an estimated budget impact of less than 500 million euros
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Greece steps up efforts for early bailout exit but lenders play it coy
PoliticsGreek Politicsto this during Friday’s speech in Parliament, saying that discussions with the country’s lenders...) in order to reduce its debt and the deficit targets it has to meet in the coming years. It is estimated... needs for next year are estimated at 18.8 billion euros by the IMF. It appears that the government
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