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  1. Newsletter 292 - 09/04/2021

    Newsletters

    of next year. This year’s estimate is marginally lower than the one forecast in the previous WEO... anticipated GDP to shrink by 9.5 pct in 2020, before ELSTAT’s first estimate for a 8.2 pct GDP... and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate is a deterioration from October’s

    7%

  2. GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    the quarter. ELSTAT also released a first estimate of the overall GDP figure for 2017, showing that it grew... the Ministry of Finance’s (MoF) final budget estimate of 1.6 percent. This was driven largely by a 15.7... in November 2017. For 2018, the MoF revised upwards the growth estimate to 2.5 percent from 2.4 percent

    7%

  3. Macroeconomic fundamentals for Greece
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    ). This is the estimate we use for Greece’s Natural Rate of Unemployment, reflecting reforms that were made during..., which will be growing. We estimate for now an underlying structural interest bill of 4 percent... as the proportion of market-placed debt grows. Finally, we can estimate that Greece needs a structural primary

    7%

  4. IMF revises growth forecasts downwards, emphasising gap with other lenders
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    slightly to 1.8 percent next year. The estimate for this year is a substantial revision from the WEO estimate in October, when the Fund expected Greece to grow by 2.6 percent in 2018. Also, the estimate for 2017 was for 1.8 percent growth, now revised down to 1.4 percent, in line with ELSTAT’s

    7%

  5. IMF still sees fiscal gap in 2018 - no action needed, for now
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    decade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... the deflation years behind, with the inflation estimate at 1.2 percent this year and 1.3 percent in 2018... forecast for 2017 which has been revised downward from the 2.1 percent July estimate. On the fiscal

    6%

  6. Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    ) of 2015 as it edged up by 0.1 percent quarter on quarter (QoQ) compared to a flash estimate of 0.6... estimate and involve December data for the balance of payments and quarterly data for the labour force... but in line with Bank of Greece (BoG) estimate. However, it is lower than the initial forecasts upon

    6%

  7. EC forecast acknowledges pressure on Greek households, revises down growth
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    . The estimate for next year was also downward revised to 2.3 percent, also from 2.5 percent... consumption is now seen growing by 0.5 percent this year and 0.9 percent in 2019. The estimate for 2018... the previous estimate of 11.5 for 2018 and unchanged for 2019. Exports are seen performing strongly, assisted

    6%

  8. EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    revised upward, from 2.3 percent in November to 2.4 percent now. The estimate for 2021 remains unchanged... the market share in export markets. Although the uptick in the growth estimate for this year was implied... that it will converge with Bank of Greece’s, this year’s estimate by Brussels remains below the Greek

    6%

  9. How Greece sleepwalked off a cliff in 2009, in black and white

    Agora

    , when even the revised revenue targets for 2009 contained an estimate that revenues would grow by 14... their estimate of 2.5 billion euros in revenues. The expenditure disaster However, the true disaster lies... jumped by 18.1 percent vs an annual growth estimate of 9.8 percent. Based on first half of the year

    6%

  10. Newsletter 224 -18/10/2019

    Newsletters

    to the previous estimates that were released in April. The IMF sees the Greek economy growing by 2 percent this year and 2.2 percent in 2020. In the previous WEO, the growth estimate for 2019 was 2.4 percent. Next year’s estimate is unchanged. Despite the downward revision of this year’s growth estimate

    6%