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Newsletter 209 -07/06/2019
which is already the second highest in the EU. In the meantime, the very high 24 percent rate of VAT... by 2.1 percent. Unemployment drops to 18.1 pct in March Rate of joblessness stays below 19 percent... 5,800 compared to February. Greec’s seasonally adjusted (SA) unemployment rate stayed under 19 percent
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PMI falls to 52.4 in June while industry optimism holds steady
EconomyMacroeconomyexport orders rose at a slower rate with unfavourable external conditions being the main driving..., firms continued to expand their workforces albeit at a lower rate than in previous months. Backlogs... rose at a moderate pace, and inflation eased to the slowest rate since July 2016. Purchasing
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgramme, which has benefited hugely from the low interest rate environment and its highly graded creditworthiness... of a risk-free rate below 1 percent and 380 basis points (bps) risk premium for Greece. Over time, the IMF anticipates the risk-free rate to climb to 3.3 percent and Greece’s market rate to fluctuate
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VAT gap remains high as non-compliance overtakes revenue rise
EconomyFeaturesin 2014. In 2015 and 2016, the rate came to 31 percent before increasing to the record high of 33.6... a country could theoretically generate if it applied a uniform VAT rate on all goods and services. This policy gap ratio is split into the ‘rate gap’ that represents the potential revenue loss due
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgramme, the reduction to the corporate tax rate will cost 600 million euros. Bringing dividends tax down from 10... rate from 22 to 9 percent is seen costing 400 million euros. The 2,000-euro bonus for each newborn... space. The conservatives are also planning to base next year’s budget on a higher growth rate
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Growing Greece: From narrative to reality
Agorainvestment and get the Greek economy growing at a faster rate than has been predicted so far. The three areas.... During the election campaign, Mitsotakos said his aim is to raise the growth rate to 4 percent... of. A more rapid rate of growth will provide the jobs and higher wages that Mitsotakis has promised
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PMI at 53.6 points in September, employment slows
EconomyMacroeconomyorders continued to increase at the fastest rate seen in the last 12 years. The majority of the growth was driven by domestic orders, as overseas client orders softened to its slowest rate in three months. Employment also eased to its second-weakest rate since 2017, with backlogs falling for an eighth
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PMI stable at 53.5 points in October as foreign orders rise
EconomyMacroeconomyfell to a four-month low, it was still well above the long-term series average of 49.8. The rate... in business prompted companies to increase their worker numbers in turn, resulting in a rate of job creation that was the joint fastest since April. In contrast, backlogs were reduced at the slowest rate
6% -
Newsletter 243 -13/03/2020
quarter in 2019 showed an increase of 0.5 percent. 2 Unemployment reaches 16.8 pct in Q4 Jobless rate declines by 1.9 percentage points compared to 2018 The Greek non-seasonally-adjusted unemployment rate stood at 16.8 percent in the fourth quarter quarter (Q4) of the year, increasing from a rate
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Newsletter 244 -20/03/2020
, whereas the government had been targeting a growth rate of 2.8 pct of GDP. As of Thursday afternoon..., as well as the rate of increase, seems to be relatively low for now, there has also not been extensive... also showed a decline in the rate of future bookings versus the same periods last year. The rate fell
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