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  1. A macroeconomic assessment of the Cypriot economy after the haircut
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    of the marginal propensity to save and the long-run saving rate. This offers a plausible answer... higher. Indeed, a fall in the long-run saving rate has likely been one of the major effects... economic prospects. In particular, the effects of a permanent fall in the saving rate during the long

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  2. Greece sees Manufacturing PMI move into growth for first time since August 2009

    EconomyMacroeconomy

    since August 2009. Furthermore, the rate of expansion was the fastest since September 2008. The rise... discounting among manufacturers helped sales. At the same time, the rate of job shedding, despite having... and a half years. Prices charged by manufacturers declined markedly at a faster rate than in the last two

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  3. Spain’s economic recovery languishes amid graft scandals

    Agora

    that is reflected in an unemployment rate that still remains over 25 percent -the second highest... unemployment rate climbed up to 57.7 percent in November; double the European Union average in (EU... that Small and Medium Enterprises (SMEs) could face an even worse year after seeing the highest rate

    7%

  4. Manufacturing PMI moved back into contraction territory in March

    EconomyMacroeconomy

    , the rate of growth eased from February’s recent high to the slowest so far this year. A decline.... Despite a further drop in the manufacturing sector employment, the net rate of job losses... stocks eased at a sharper rate, the fastest over the past 2.5 years. The March survey showed the decline

    7%

  5. Jobs, hundreds of thousands of jobs
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    . The unemployment rate peaked in September last year at 27.7 percent and the latest reading... in the rate of unemployment, what is known as Okun’s law. Over the last four years, Greece shifted from... 1981-2008 above) to a much steeper relationship (period 2009-2013) that saw the unemployment rate

    7%

  6. Greek trade deficit up by 21.9 pct in May as exports sink further

    EconomyMacroeconomy

    The rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent... percent to 2.25 billion euros. In April the rate of decline stood at 20.8 percent. Excluding... of 1.5 percent. In addition, the respective rate for the trade deficit indicates a slower increase

    7%

  7. Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    . This corresponds to an acceleration compared to the growth rate of 10.6 percent posted in the 5-month period.... This growth rate is almost double compared to the 6.7 percent recorded in the first five months..., 6 percentage points higher than the rate of arrivals. A similar pattern was also evident

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  8. Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
    Photo by MacroPolis

    EconomyMacroeconomy

    a broadly similar growth rate. In contrast, arrivals from Russia fell by 21.4 percent for the first... by a similar growth rate (+11.6 percent) to 1.36 billion. As a result, the 8-month travel balance posted... the US (+24.8 percent) had the highest growth rate followed by France (+20.7 percent) and the UK

    7%

  9. Slight uptick in October for Greek PMI, which remains in contraction

    EconomyMacroeconomy

    increased for four successive months before stabilising in September. However, the rate of growth..., the rate of decrease in October was the slowest since April. The continued depletion of backlogs led... losses to five months. The rate of decline in employment was smaller and slower in October compared

    7%

  10. Greece moves closer to troika over fiscal gap, waits for response
    Photo by MacroPolis

    EconomyProgramme

    citing government sources indicate that the key measures relate to increasing the VAT rate on hotel...) said that doubling the VAT rate in its sector would initially increase VAT revenues by 300 million... increases in the VAT rate of 6.5 percent for other products such as books, cinemas and medicines

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