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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomyquarter (Q1) of 2017, after a downwardly revised drop of 1.1 percent in the previous quarter... offsetting the negative impact from a drop of 2.3 percent in exports, coupled with a rise of 4.5... (YoY) in Q1, after a drop of 1 percent in Q4 2016. The flash estimates had shown that Q1 GDP contracted
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankinga short-lived rise by 441 in 2015. The year-end figures for 2016 correspond to a drop of 8.4 and 7.5... branches, which corresponds to a drop of 35.7 percent. The number of bank employees has been reduced... banks from the Greek market resulted in a sharp drop of their assets in Greece from 38.54 billion
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomy, mainly reflecting a drop in the ECB funding by 6.73 billion, as Greek banks replaced this type... programme was agreed, with almost two thirds of that marked drop (46.07 billion) related to lower... in May after remaining broadly stable in April. The drop in May is the highest since January. Banknotes
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Could reforms have prevented Greece's economic collapse?
Agorahit hard by the global financial crisis in 2009, when it posted a sharp GDP drop of -4.3 percent... Q3 2010 and Q1 2011. The cumulative drop of private consumption in the 2010-2013 period was close... and Q2 2011. The deepest drop was posted in Q3 2012, when it fell by 32.8 percent. Greece’s exports
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingin June outperforming target by 300 million, while a drop of another 1.2 billion should be achieved...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income... from the March figure. Alpha noted that the post-June drop in Eurosystem funding was driven by repo
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyreduced by 2.3 percentage points (pp) on the back of a drop in the number of unemployed by 115,943... percent in June from 21.6 percent in May on the back of drop in unemployed by around 75,600 to finish.... The unemployment rate for men fell to 17.9 percent, a decline of by 1.9 pp year-on-year. The largest drop
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Fall in apartment prices continues with slower decline of 0.6 pct in Q3
EconomyMacroeconomyThe drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data... annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop of -10.9
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Newsletter 140 -17/11/2017
in August, falling at a greater rate than the drop of 2.4 percent seen in August, Hellenic Statistical... to pose a challenge on several fronts. The drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomya drop of 0.1 percent in the previous quarter. The Q3 headline figure is the first back-to-back... consumption is seen rising by 0.2 percent. Investments Gross capital formation recorded a drop of 8.9 percent QoQ following a downwards revised drop of 15.4 percent in the previous quarter. Gross capital
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Newsletter 143
by 0.3 percent QoQ, following a drop of 0.1 percent in Q2. The headline figure is the first back... percent YoY. Investments recorded a drop of 8.9 percent QoQ following a downwards revised drop of 15.4
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