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Newsletter 327 - 11/02/2022
at 3.1 pct in 2022, before dropping to 1.1 pct next year. The respective inflation rates... growth up to 8.5 pct. The additional fiscal space created last year has been used up for another... to present a budget at the end of this year that will lead to a surplus, even if it is not at 2 pct
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Newsletter 346 - 15/07/2022
wants to see out his four-year term as PM, the government’s focus, and its communication strategy, has... of the year, as well as increasing pensions in 2023, by up to 5 pct, for the first time in more than a decade. Another increase to the minimum wage, after two rises this year, so it reaches the pre
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Newsletter 354 - 07/10/2022
PoliticsND pinpoints obstacles to victorious election campaignAs next year’s elections approach... a new mandate to govern at next year’s elections. Since the start of the energy crisis last year... the cost of bills for consumers. By the end of this year, spending on energy subsidies will have
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyyear of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece... expected 8.9 pct headline inflation this year and 3.5 pct next year. In the latest forecast, this year’s... of traveler origin. The economy next year is seen growing by just 1 pct, from 2.4 pct in the summer
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomydelivering a primary surplus. Growth for next year is seen at 1.8 pct, a minor revision from the 2.1 pct... in 2021. Investments continue to have a prominent role. They are expected to grow by 15.5 pct next year, from 10 pct this year, as the rest of components are seen rising modestly next year. Private
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Q4 GDP grew by 1.4 QoQ, 2022 GDP rose 5.9 pct
EconomyMacroeconomy. On an annual basis, Q4 GDP picked up pace to 5.2 percent year-on-year (YoY), from an upwards revised 4.4... dropped by 3.5 percent year-on-year, while imports increased by 7.5 percent. Nominal GDP in Q4 increased by 10.6 percent YoY and also by 2.2 percent QoQ. Over the full year 2022, real GDP is up 5.9
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Macroeconomic fundamentals for Greece
Agoragrowth rates of the population and the WAP are around -0.4 percent a year (rounded to one decimal). In a cyclical context, the population and WAP in Greece may have bumps up and down from year to year... definition of WAP is also declining at around -0.4 percent a year during the decade of the 2020s
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Newsletter 381 - 19/05/2023
is not to form a special purpose government,” responded the SYRIZA leader. “My goal is a four-year, stable... percentage point reduction last year to 171.3 pct. That said, the stock of debt is over 360 billion euros... creditors will be completely wound down. However, this year has sent a strong indication
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Newsletter 387 - 30/06/2023
a comfortable majority and a second four-year term for Prime Minister Kyriakos Mitsotakis, dealt... to strong showings in both of this year’s elections, giving him not only a strong mandate from... public administration after making some strides in his first four-year term, particularly in terms
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Hiring balance for 7M reaches record despite first negative July reading since 2019
PoliticsGreek Politicsto data from the Labour Ministry’s Ergani information system. The hiring balance in July last year was 2,999 more hires, suggesting a year-on-year deterioration of 11,293 jobs. Total hirings in July... year-on-year, while voluntary exits were up by 886. Hires were up by 11,076 jobs compared to July
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