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  1. Draft 2022 budget represents first attempt to restore post-pandemic fiscal order

    EconomyMacroeconomy

    . This is an improvement of nearly 12 billion euros. The total deficit will drop to 6.76 billion euros, down to 3.6... billion euros in 2022, from 50.07 billion euros this year. State expenditure will drop to 64.34

    21%

  2. Industrial production up 10.1 pct in Aug, marking 10-month recovery
    Photo via https://flic.kr/p/UF5yPQ

    EconomyMacroeconomy

    (MoM), the index recorded a sharp drop of 13 percent, from a 9.4 percent monthly rise in July... offset by a 7 percent drop in mining and quarrying. Up to August, the IPI has increased by 9.5 percent

    21%

  3. Unemployment falls below 14 pct for first time since Oct 2010
    Photo by MacroPolis

    EconomyMacroeconomy

    drop of 16.4 percent year-on-year. The inactive population decreased by 128,326 people year-on-year..., a drop of 2.5 pps year-on-year. Youth unemployment dropped by almost five pps year-on-year to 33.9

    21%

  4. IMF maintains cautious view on public finances, sees debt declining slowly
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    a 10.5 pct total deficit last year. In the coming years, the deficit is expected to drop to 4.3 pct... more aggressive. The expect the debt level to drop to 156.9 pct of GDP by 2025. In part, this is due

    21%

  5. Retail sales grow for fifth month in a row but rate eases to 8.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    rise in pharmaceutical products and cosmetics. Automotive fuel only saw a volume drop of 3.5 percent... a 3.2-point MoM drop last month, down by 6.4 points to -44.7 points in October. Consumer confidence

    21%

  6. Manufacturing and electricity supply help keep industrial production buoyant in Sep
    Photo by MacroPolis

    EconomyMacroeconomy

    . Month-on-month (MoM), the index recorded an increase of 9.5 percent, from a 13.3 percent monthly drop.... These were partially offset by a 0.3 percent drop in water supply. Up to September, the IPI has increased

    21%

  7. Sharp rise in employed as unemployment falls to 13 pct in Sep, lowest since Aug 2010
    Photo via https://flic.kr/p/vtC3Ur

    EconomyMacroeconomy

    , as the number for the unemployed amounted to 609,501. Unemployment recorded a sharp drop of 21.7 percent year... to 16.9 percent. The unemployment rate for men stood at 9.8 percent, a drop of 3.6 pps year-on-year

    21%

  8. Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
    Photo by MacroPolis

    EconomyMacroeconomy

    70.85 billion this year and 68.72 billion euros last year. This is due to a sharp drop in transfers... stem from the three percentage points drop in social insurance contributions and abolishing

    21%

  9. Apartment prices rise 7.9 pct in Q3, continuing upward trend
    Image by MacroPolis

    EconomyMacroeconomy

    double-digit drop of -10.9 percent in 2013. The sharpest quarterly rate of decline was seen in Q1 2012, when apartment prices showed a YoY drop of 12.8 percent. Other indicators In other relevant data

    21%

  10. NBG profits up to 714 mln in 9M as NPE ratio is reduced further
    Photo by MacroPolis

    EconomyBanking

    in 2020, was up by 6 pct at 1.11 billion euros. Asset quality NPEs continued to drop, standing at 3.7... million euros, an 8 pct drop YoY. Balance Sheet Group deposits amounted to 51.09 billion euros in 9M

    21%