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Mitsotakis targets inflation on path to elections in 2023
PoliticsGreek Politicsto move ahead quickly with the minimum wage increase, after the first instalment of 2 pct on Jan 1... popularity than the pandemic. The 2 pct increase at the beginning of the year took the gross monthly... a hole in the budget. Mitsotakis did add, though, that his government is not done as far as tax
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Recovery loses steam in Q4 with 0.4 pct QoQ growth as rise for 2021 hits 8.3 pct
EconomyMacroeconomy) in the last quarter (Q4) of 2021, from a downwards revised 2 percent in the third quarter (Q3... consumption rose by 2 percent, investments grew by 17.7 percent pct QoQ and exports also increased... to the MoF’s latest official estimates included in the final 2022 budget, the economy is seen
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Mitsotakis pledges more help to tackle inflation, calls for EU price cap on natural gas
PoliticsGreek Politicsrisen above 2 euros per litre and household electricity bills were up by an average of 27 pct... more comprehensive package to address the public’s concerns, despite having allocated around 2... and defence, which would free up some room in the budget for more relief measures. Kathimerini reported
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Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
EconomyMacroeconomycurrent commitment is for a primary surplus of roughly 2 pct of GDP. Despite the fiscal laxity since... as Greece is scheduled to have a primary deficit of close to 2 pct of GDP this year, as the Ukraine conflict and the energy crisis require budget outlays to cushion the blow. Turning this deficit
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Government claims tourism season a major success, opposition begs to differ
PoliticsGreek Politicsis preparing around 2 billion euros in interventions this autumn. This includes electricity and fuel... and backpay for pensioners. This will require a supplementary budget to be submitted after the summer, but it appears that this will not involve the government shifting its 2 pct of GDP primary deficit
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OECD sees recovery slowing, urges fiscal discipline
EconomyMacroeconomyin their budget forecasts and Mitsotakis reiterated in his meeting with the OECD head that he expects the economy to outdo EU peers in 2023 as well, with growth closer to 2 pct. The authorities see 1.8 pct... capital. The OECD also urges the Greek authorities to return to the primary surplus goal of 1.5 pct to 2
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Newsletter 373 - 10/03/2023
push this year’s growth to 2 pct, from 1.6 pct in the budget baseline. This could settle any fiscal.... If the elections are held on May 14 or 21 and a second vote is needed, this could be held on July 2
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Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
EconomyMacroeconomyfurther to 2.9 pct in 2024, falling below 2 pct by 2028, when it is expected at 1.8 pct. The current... Fiscal Monitor seeing the budget deficit fall below 3 pct this year to 2.4 pct and almost halve... than triples to 1.4 pct next year and reach 2 pct of GDP in 2027 and 2028. The cyclically adjusted
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Newsletter 379 - 05/05/2023
Greek Solution, while 20 pct are expected to back 2 smaller far-right parties. Just 4 pct say.... The Greek budget will be almost balanced by 2026, with a deficit of just 0.1 pct of GDP. This fiscal path... growth is more subdued at 2 pct in 2024 and 2025, while investments are expected to grow by 9.7
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Newsletter 399 - 27/10/2023
on the country’s fiscal pledges, with a fiscal goal of a primary surplus above 2 pct of GDP in the draft budget for next year. Greece has to deliver on this goal for decades to come and it has been... had to pay 2 billion euros more in interest. A steady positive assessment by rating agencies
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