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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyto grow at a slower pace of 2.2 percent in 2017 compared to its initial forecast of 2.8 percent... year on year compared to IMF’s estimate for a growth of 0.7 percent. The European Commission (EC... of Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammeMinistry (MoF) downward revised its previous GDP growth estimate for 2017 from 2.7 percent to 1.8 percent, lower than the recent IMF and European Commission (EC) forecasts of 2.2 and 2.1 percent... seen up by 2.6 percent but slowing thereafter to 2.3 percent in 2020 and to 2.2 percent in 2021
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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomypercent respectively in private consumption. The OECD estimate is less optimistic as it forecasts... in the excise tax on fuel (440 million) and tobacco products (142 million) and an increase... to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomythan offsetting a decline in the services’ balance by 142 million. In addition, the secondary income... noted that excluding oil and ships, exports rose by 7.7 percent, while the respective imports did
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What next for Cyprus gas after the Exxon find?
Agorarepresent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion... option as well as the cut for Exxon, I estimate that the value to the Republic of Cyprus might...: Is it a massive find? A: No. It is a medium-sized find. At an estimated 5-8 trillion cubic feet
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomyto the IMF, the Greek economy grew by 7.7 pct in the last quarter of 2021 and is expected to grow by 3.5... under the current commitments expect Greece to return to a 2.2 pct of GDP surplus by 2024 and maintain...The International Monetary Fund (IMF) released its latest global macro and fiscal estimates
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Brussels flags downside risks for Greece as conflict‑driven inflation surges
EconomyMacroeconomyestimated at 3.7% in 2026 before moderating to 2.4% in 2027. Investment is expected to remain robust..., projecting growth of 1.9% and raising its inflation estimate to 3.1%. Last week, in the progress report...%, with a particularly worrying estimate for investment in 2027, rising by just 1.3% - a strong
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Greek exports down 5.9 pct in August, imports also fall 16.4 pct
Economyto the EU and non-EU countries slipped 7.7 and 3.4 percent respectively. In contrast, imports from... to 12.41 billion euros, reflecting a drop in exports by 4 percent and a rise in imports by 2.2 percent.... percent, according to the flash estimates of commercial transactions released by Hellenic
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Greek banks on cusp of improved liquidity conditions
Agorafigures, Greek banks hold 6.1 billion euros of GGBs and 7.7 billion of T-Bills. However, the ECB... of 32.5 billion euros. Alpha, Eurobank and NBG capacity hovers between 7.3 and 7.7 billion euros... is below, with its current EFSF holdings at around 4 billion almost half its TLTRO-II capacity of 7.7
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Newsletter 224 -18/10/2019
this year and 2.2 percent in 2020. In the previous WEO, the growth estimate for 2019 was 2.4 percent. Next year’s estimate is unchanged. Despite the downward revision of this year’s growth estimate... faster than what the European Commission and the IMF estimates (2.2 percent). The PBO argues
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