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  1. Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near

    EconomyMacroeconomy

    the economy to grow by 0.6 percent this year. After today’s flash estimate and revisions, this means... the estimates for a -0.4 percent drop. The first quarter was revised downwards to -1.1 percent from -0.9... the initial estimates of 19 million visitors in spite of the decline in visitors from Russia

    3%

  2. OECD sees recession in 2015-16, stresses need for reform implementation

    EconomyMacroeconomy

    its jobless estimate for 2016 was kept broadly unchanged at 24.8 percent. Greece will remain...In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates... previous estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively. The OECD

    3%

  3. S&P highlights risks for Greek banking sector

    Economy

    2017. The rating agency reiterates its estimate for zero GDP growth in 2016 and strong rebound of 3... during the crisis weigh on Greek banks’ financial profiles. The rating agency estimates banks’ non... by the end of 2017. S&P estimates that credit losses will continue to exceed pre-provision income

    3%

  4. IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct

    Economy

    percent and Greek government’s estimate of 0.63 percent. For 2017, the IMF estimates a primary surplus... outlining its fiscal estimates. It is worth noting that the fund had not updated its fiscal... tabled on Monday, the Greej Finance Ministry estimates debt to GDP ratio at 178.9 percent in 2017

    3%

  5. New fiscal measures aim to edge Greece closer to deal with lenders
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    list submitted in late March, MoF sources told Kathimerini that the current estimate has now been reduced to 0.5 percent. The Commission estimated in its spring economic forecasts published earlier... that the government is currently considering to cover the estimated fiscal gap involve: 1) A unified VAT rate between

    3%

  6. Greek housing market at new juncture as Covid-19 shakes foundations
    Photo by MacroPolis

    EconomyFeatures

    availability of long-term rentals. According to one estimate published by rental platform.... It is estimated that the golden visa programme attracted upwards of 2 billion euros of foreign investment.... Over the period June 2018-May 2019, a study by the tourism industry association INSETE estimated

    3%

  7. Undecided voters could still decide crucial aspects of Greek elections
    Photo by MacroPolis

    PoliticsGreek Politics

    still be shaped by around 1 in 10 voters who have yet to make up their minds. Opinion polls indicate that a lot of Greeks have yet to decide who they will vote for. An Alco poll for To Pontiki weekly... University’s poll for Skai TV on Monday indicated that 9 percent of Greeks have not yet chosen how

    3%

  8. OPEKEPE inquiry sparks new political clash as despondent public looks on
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    the witness’s stated intention to remain silent. Yet this stance jars with Prime Minister Kyriakos Mitsotakis... of Greek politics: New Democracy remains well ahead of its rivals, yet public sentiment is volatile..., offering ND a buffer against erosion. Yet the OPEKEPE affair and the cost‑of‑living crisis remain damaging

    3%

  9. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    was 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent... worse than the 3.7 percent indicated in flash estimates. GDP contraction in 2012 was also revised... the 4-percent mark forecast by the Greek government and latest European Commission estimates published

    3%

  10. Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
    Photo by MacroPolis

    Economy

    of the domestic economy by 0.6 percent this year. ELSTAT is due to release its flash estimate for Q3 GDP.... Following October’s impressive figures, SETE upward revised its estimates for 2014 international tourist... euros in the 8-month period. SETE did not upgrade yesterday its revenue estimates, which call for direct

    3%