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  1. Unemployment rate slips to 23.2 pct in Feb, lowest for last five years
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    optimistic estimate so far. In contrast, the European Commission foresees a higher figure of 22.8 percent, which is closer to the Finance Ministry and OECD estimates of 22.6 and 23.1 percent respectively.

    4%

  2. OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 2.5 percent in projected for 2018, above its previous estimate of 1.9 percent. Private... to return but uncertainties remain. The OECD estimates that GDP will rebound by 1.1 percent in 2017

    4%

  3. Draft budget highlights taxpayer fatigue, creates policy mix doubts
    Photo by Gerarsimos Domenikos/Fosphotos

    EconomyMacroeconomy

    billion in 2017 from an MTFS estimate of 21.52 billion euros. The ministry notes that on a cash... measures with little effect. Direct taxes estimates for 2018 have also been downward revised from

    4%

  4. Eurogroup paves way for completion of third review, talks on debt relief

    EconomyProgramme

    estimate foresaw reductions of 20 percentage points and five percentage points respectively over... estimates that the total package will reduce Greece’s debt-to-GDP ratio by about 25 percentage points

    4%

  5. S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
    Photo by MacroPolis

    EconomyBanking

    sees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... in 2019 and remain above 2 percent before dropping to 1.8 percent in 2022. All estimates are marginally

    4%

  6. GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    published in May, compared to a 2 percent estimate in last year’s autumn forecasts. In 2020, the EC...Greece’s seasonally adjusted (SA) GDP increased by 0.6 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019 after a revised increase of 1.3 percent in Q2, provisional estimates from

    4%

  7. Newsletter 239 -14/02/2020

    Newsletters

    revised upward, from 2.3 percent in November to 2.4 percent now. The estimate for 2021 remains unchanged... The European Commission updated its economic estimates for Greece on Thursday, as part

    4%

  8. Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
    Photo by MacroPolis

    EconomyMacroeconomy

    the target by 3.57 billion euros. The MoF noted that when compared to the updated estimate for the first... the intakes against the initial budget estimates. The underwhelming tourism season in July is also

    4%

  9. PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    announced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined... by its initial estimates of an annual recession towards the adverse scenario of 8.5 to 9.4 pct

    4%

  10. Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
    Photo by MacroPolis

    EconomyProgramme

    , it is not before 2050 that the debt stock will converge to the previous estimate of around 85 pct of GDP... in the previous estimates. In terms of the debt-to-GDP ratio, Greece was expected to have a debt level

    4%