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Newsletter 170 -13/07/2018
to commit that the VAT rate will be raised from January 1, 2019 on Chios, Kos, Leros, Lesvos and Samos... rises by 1 pct in June Headline reading stays positive for third month of price rises The latest figure... Index (CPI) rose by 1 percent in June following an increase of 0.6 percent in May, Hellenic Statistical
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We can't ignore population shifts within the European Union
Agoraof the Netherlands.[1] These books are forward looking and start with an analysis of the demographics of each... from the east and south to the north and west. Table 1 below presents the data per country... in table 1, grew from 344 million to 468 million people between 1950 and 2020. The UN projects
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Where is Odysseus? Part 5 - Productivity
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... is more easily transmitted in graphs than in lengthy complex tables. Employment. Consider Figure 1, below....[2] The dotted line in Figure 1 shows the employment path that was anticipated in Odysseus’ 2018
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Where is Odysseus? Part 6 - Potential real GDP
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found.... These calculations are reflected in Figure 1 below. The vertical line marks the current year 2022.... This baseline assumes that Greece still sees a recovery in labor productivity to 1 percent a year
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyconsumer price index is anticipated to peak to -1 percent in 2014 easing to -0.6 percent in 2015... to remain in surplus over the 3-year period at 1.2 percent of GDP in 2014, 1 percent in 2015 and 1.8... (from 26.7 percent) in 2015. An additional drop of 1 pp to 24.1 percent is projected for 2016
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Coalition considers options for addressing pension system sustainability
EconomyProgrammepensioners currently stands at 1:1.7 compared to a target of 1:2.1 for a viable pension system. The key points of the proposed pension reform include: 1) A national pension with a growth clause equal... savings from pensions of 1 percent of GDP in 2016. Katrougalos said the aim is those savings
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgramme’s key provisions relate to the parametric fiscal measures yielding 1 percent of GDP... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes... of the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from... the weighted average rate on total new deposits eased by 1 bp to 0.42 percent, which represents a new record low since Greece’s euro accession in 2002. Loans Corporate loan rates for amounts less than 1 million
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingAlpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including... at 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating..., while another 1 and 2.5 billion are due to be assigned within October and mid-2018 respectively. P&L NII
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Newsletter 135 - 13/10/2017
percent in 2018, after which growth drops and is estimated to reach 1 percent in 2022, according.... According to the IMF, the number of pensions will increase at around 1 percent per year. Greece predicts... by 1 pct in September Headline figure represents ninth consecutive rise after four years
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