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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economyon Greece’s external sector then the output drop in 2020 will reach 8 pct. It is worth noting that had... economic collapse. Private consumption is expected to drop by 4.1 pct, while public spending will rise... and the external environment deterioration will get reflected on a 19.2 pct drop in exports of goods
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyto a milder drop of 0.6 percent in Q1. Household expenditure fell by 11.3 percent, while general... to drop by 4.1 percent in 2020 and public consumption is seen as rising by 1 percent. Final... percent this year. Exports The breakdown of the drop in export goods and services showed
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyProgramme of 2020. Following the sharp drop of 15.2 pct in the second quarter of the year, the Finance Ministry expects the third quarter to drop by circa 10 pct on an annual basis in the third quarter... pct, investments by close to 11 pct, exports will collapse by close to a quarter and drop by 24.8
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Newsletter 277 -11/12/2020
in five out of six underlying subcategories. The biggest decrease came from tax refunds with a drop... to a drop of 24 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released... billion euros, showing a drop of 16.9 percent YoY. At the same time, exports totalled 2.68 billion euros
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Industrial turnover drops by 2.9 pct in November
EconomyMacroeconomyto a revised drop of 14.3 percent in October, Hellenic Statistical Authority (ELSTAT) data published... a recovery compared to recent months. The performance was led by a 3.4 percent drop in the mining... in the domestic market fell by 5.3 percent. The drop in the domestic market was driven by a fall in manufacturing
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Newsletter 284 - 12/02/2021
of this month, according to Ta Nea. 2 EC sees big drop for economy in 2020 Expects milder recovery of 3.5 pct... was forecast at 5 pct Unemployment drops to 16.2 pct in November Drop in number of unemployed... largely by a 17.6 percent rise in electricity supply. Car sales drop by 28.5 percent in January
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Company closures dropped sharply during the pandemic
EconomyFeaturesin the jobs market, where monthly figures from the Labour Ministry’s Ergani database show a huge drop in both... in the number of closures to 158. The biggest drop was in information and communication, where there were 40.3 percent fewer closures, and construction, where the drop was 32.8 percent. There were
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Industrial turnover drops by 2.4 pct in February
EconomyMacroeconomywith a revised drop of 12.3 percent in January. The reading is the 13th straight decline, but the smallest... by a 18 percent drop in the mining and quarrying index. The turnover index in manufacturing fell by 2.2.... Turnover in the non-domestic market increased by 2.3 percent, following a drop of 4.3 percent
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Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
EconomyMacroeconomypercent year-on-year (YoY), from an upwards revised drop of 7.6 percent in April, according to data... recorded drop since early 2021. April was the first negative reading since February 2021. The index has.... In the non-domestic market, the decrease was driven by a 23.8 percent drop in manufacturing. Mining
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Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
EconomyMacroeconomy-on-year (YoY), after a drop of 1.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a drop of 3.4 percent. Sales volumes have been... index increased by 3.1 percent, after a 2.6 percent drop in the previous month. The volume’s
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