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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomy, as well as quarterly unemployment and turnover indices for the service sectors, which were... this year, after a marginal rise of 0.1 percent in 2016. Exports Exports of goods and services declined... that exports of goods rose by 3.4 percent QoQ and 4.4 percent YoY, while services’ exports contracted
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Newsletter 175 -21/09/2018
for the self-employed, cutting the VAT rate in the food service sector from 24 to 13 percent before... by cutting spending in the public sector largely through the outsourcing of some services. He suggested... Tourism numbers boost services surplus for month’s strong performance Greece’s current account (C
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Greek government goes digital under lockdown, as more coronavirus clusters emerge
PoliticsGreek Politicsa digital prescription service, while remote medicine programmes are being rolled out across selected... been the acceleration of e-government and the provision of online services. While moving government... access to over 500 services and procedures which until now could only be performed in person
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What is the state of play with Greek banks?
Economyto transform Geniki Bank into a specialised bank to manage bad loans. Discussions with the official... with the official sector. Key event dates going forward involve: 1) the announcement of nine months
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Greece's 2014 fiscal gap suddenly appears bigger, much bigger
Economythis gap, for which the ECB official did not give a figure. In November last year, Greece voted... billion euros would be needed to close the gap alluded to by the ECB official. This raises doubts about
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economy. The official sector, the Hellenic Financial Stability Fund (HFSF), injected to core banks 25 billion..., with the bulk related to ATEbank, Hellenic Postbank and Proton and had burdened the official sector before
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomyfor savings negative flow is the continued erosion of household disposable income, with latest official data... official data. This corresponds to a total stock of 66 billion loans that are past due for more than 90
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Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
EconomyMacroeconomyin 2013, which was slightly milder than the initial official recession estimate of 4.2 percent.... In contrast, the OECD projects the recession continuing at 0.3 percent this year. For the official
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Fitch upgrades Greek credit rating to B with stable outlook
EconomyMacroeconomysupportive of economic and fiscal reform. Fitch agrees with the official sector projection... in 2015, which is slightly lower than the official sector forecasts of 0.6 and 2.9 percent respectively
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politics2010. Greece has seen its GDP contract by 25.6 percent since Q3 of 2008. Most official forecasts see..., the official sector projects Greek unemployment will ease by at least 1 pp this year and a further 2 pp
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