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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomyupped its 2024 growth forecast to 2 pct, from 1.6 pct in the previous estimate, although this revision does not come from higher investments but more robust private consumption spending, which is now... than the previous estimate at 2.8 pct growth, from 5.6 pct. This is also significantly below
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Corruption claims, foreign policy missteps impede government’s efforts to build momentum
PoliticsGreek Politicsrelations with Libya and the submission of two note verbale by the Tripoli-based government... deems not be in line with international law. In the notes, Libya claims that Greece’s maritime agreement... spokesman Stelios Petsas. The centre-right MP called for Athens to “toughen its stance” regarding Libya
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Wildfires and healthcare failings test government over summer season
PoliticsGreek Politicson social media that the x-ray technician and her union had been inconsistent in their accounts... to the figures provided by the EU’s Copernicus satellite system, which estimates that 22,916 hectares have
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Newsletter 400 - 03/11/2023
the social media platform X. Lianos, who was appointed by the current government, clarified... has estimated that after its new taxation intervention some 473,000 self-employed will end up paying
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomythat the Q4 QoQ rate was downward revised for the -0.2 percent flash estimate released on February 13... to 1.7 percent in 2015 and further to 2.2 percent in 2016. Investments Gross fixed capital formation... and resulting in a 2.2 percent rise in the full year figure. Note, though, that over the past six years
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GDP growth slows to 0.3 pct QoQ, investments underwhelm
EconomyMacroeconomy, which is in line with the finance ministry’s latest estimate for the year. Outlook According to the latest Finance Ministry estimates included in the final 2025 budget, the estimate for 2024 was revised slightly down to 2.2 pct and is seen at 2.3 pct for 2025. In the latest financial stability
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Newsletter 487 - 05/12/2025
reaffirmed Greece’s strong fiscal delivery on its commitments. The outlook remains robust over... in the coming years. With the RRF in place until August 2026, next year’s growth estimate is 2.4%. However... markets and rating agencies - the macroeconomic estimates in the framework are cause for concern. When
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RRF promise fades as growth outlook weakens
EconomyMacroeconomyfiscal delivery on its commitments. The outlook remains robust over the reference period, with minor... in place until August 2026, next year’s growth estimate is 2.4%. However, this nearly halves to 1.3... - the macroeconomic estimates in the framework are cause for concern. When the RRF was first agreed
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomyincreased by 0.9 percent QoQ and dropped by 2.2 percent YoY, taking final consumption expenditure down... budget for 2018 tabled to Parliament on November 22 estimate GDP growth of 1.6 percent in 2017, revised... since the summer. They pointed to a growth rate of 2.2 percent. Last week, the OECD issued its economic
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OECD sees Greek recession continuing in 2014, slower recovery to follow
EconomyMacroeconomylower than its November forecasts. Although the 2014 estimate is in line with the EC projection... sustainability is a bigger challenge, according to OECD, requiring robust growth in the coming years... percent in 2015. The updated forecasts are marginally better compared to the previous estimates
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