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  1. Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    , largely attributed to lower expenditure (2 billion below target) and higher than expected revenues... expenditure increased by 4.1 percent to 22.31 billion in the 7-month period and remains more than 2

    5%

  2. Drop in arrivals and spending impinge on H1 travel receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    . This was a product of a 4 percent decline in expenditure per trip and a 2 percent fall in arrivals... percent from the United States to 313 million. The number of inbound visitors in June dropped by 2 percent

    5%

  3. Newsletter 86 - 26/08/2016

    Newsletters

    in June, reflecting a drop in foreign arrivals by 2 percent to 2.97 million and in the average... of Greek debt. 2 A harsh social reality Greece's economic and social deterioration can no longer

    5%

  4. Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July

    EconomyMacroeconomy

    billion mainly reflecting strong underspend as primary expenditure came in 2 billion lower than target... figure also increased by 4.1 percent to 22.32 billion, still remaining 2 billion lower than target

    5%

  5. One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    dropped by 2.8 and 2 percent respectively in the first half (H1) reflecting lower personnel.... Overall, the NPL formation in Greece reached 2 million in Q2 from 127 million in the previous quarter

    5%

  6. Mitsotakis uses tax cut pledge as driving force in effort to provide alternative
    Photo via @kmitsotakis

    PoliticsGreek Politics

    surplus target from 3.5 percent of GDP to 2 percent. The conservative chief also set extremely... to deliver 2 percent in GDP extra revenues to help Greece meet the fiscal targets agreed with its

    5%

  7. Current account surplus falls to 1.4 bln in July

    EconomyMacroeconomy

    , largely on the back of a 2 percent decrease in non-residents’ arrivals. At the same time, travel.... Meanwhile, the corresponding liabilities fell by 2 billion reflecting a drop in non-resident’s holding

    5%

  8. Budget primary surplus of 3.8 bln to Aug beats target by wide margin

    EconomyMacroeconomy

    the target by 2.78 billion largely reflecting lower primary expenditure (by 2 billion) and revenue..., remaining 2 billion lower than target. MoF said that compared to last year, expenditure increased by 292

    5%

  9. Unemployment rate falls for second straight month, reaching 23.2 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    fell by almost 6 pp to 42.7 percent. Lower decreases of around 2 pp were recorded in the next two... the unemployment rate to land at 23.3 percent this year and drop further by almost 2 percentage points

    5%

  10. Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    of the total figure. Investments grew by 2 percent in H1 and are seen increasing by 3.3 and 4 percent... to a strong rebound well in excess of 2 percent. The most optimistic estimate of 2.8 percent is from the IMF

    5%