Search
-
GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomypublished 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
3% -
Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
EconomyMacroeconomythe 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
3% -
PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyannounced 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
3% -
Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
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
3% -
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingwith the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience... on the banks’ own prudential funds. BoG estimates that as a result of the crisis new NPEs will range between 8
3% -
FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomy, or 0.9 pct of GDP, higher from the MTFS estimate by roughly 1.1 billion euros. The ministry has also..., at 1.1 pct of GDP. Both figures are above the MTFS estimates by roughly one billion euros, where
3% -
Newsletter 325 - 28/01/2022
showed that the primary balance landed at 10.33 billion euros last year, improved from the estimate... against the initial estimates included in the 2021 budget, Greece finds itself way off its initial
3% -
Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek Politicsfor natural gas. Industry sources, however, estimate that wholesale cost rises this month will leave... estimates that the total cost of measures will more than double from 2 bln euros to between 4-5 bln
3% -
Newsletter 354 - 07/10/2022
to be a reserved estimate as receipts are expected to match the 2019 season of roughly 18 billion euros from... euros that the Finance Ministry had included in its 2022 budget estimates. The budget of 2022 assumed
3% -
EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyIn the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece... appears to be more entrenched compared to previous estimates, when in the summer the Commission
3%