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April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
EconomyMacroeconomyof 2020, compared to a surplus of 1.46 billion noted a year earlier, the final Finance Ministry (MoF.... For the same month last year, the primary surplus stood at 20 million euros. The budget balance in the first four months of the year recorded a deficit of 4.07 billion euros compared to a deficit of 1.04 billion
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Budget primary balance confirmed at deficit of 6.10 bln in June
EconomyMacroeconomymonth last year, the primary deficit came to 535 million euros. The budget balance in the first six months of the year recorded a deepening deficit of 9.23 billion euros compared to a deficit of 2.69 billion euros seen in the aggregate period last year. For the current aggregate period, the budget
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Unemployment rate jumps to 17 pct in May
EconomyMacroeconomyon Thursday. For the same time last year, the unemployment rate came to 17.2 percent. In May, employment decreased by 128,924 people compared to April. Year-on-year, the figure for those employed... million. The unemployment rate among women rose by 0.4 percentage points (pps) year-on-year and came
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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomymonths of the year compared to a surplus of 1.87 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 636 million
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Unemployment rises to 18.3 pct in June
EconomyMacroeconomyon Thursday. For the same time last year, the unemployment rate came to 17.1 percent. In June, employment increased by 11,640 people compared to May. Year-on-year, the figure for those employed decreased... percentage points (pps) year-on-year and came to 21.1 percent. The unemployment rate for men stood at 16.1
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Budget primary confirmed at deficit of 5.48 bln in August
EconomyMacroeconomy. For the same month last year, the primary deficit came to 1.14 billion euros. The budget balance in the first eight months of the year recorded a deficit of 9.68 billion euros compared to a deficit of 1.59 billion euros seen in the aggregate period last year. For the current aggregate period
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Primary cash balance at deficit of 9.04 bln in October
EconomyMacroeconomyin the first ten months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus of 5.56.... The aggregate figure for the first ten months of the year showed that revenues fell by 5.89 billion
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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomyand the ferocity of the second wave is reflected both on the macro and fiscal data for this year... rising by 1.7 pct. For next year, growth has been trimmed significantly, now coming short of 5 pct... Facility (RRF) are still seen having a significant contribution to next year’s recovery by adding 2.1
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Newsletter 276 -04/12/2020
the new DSA on the macro front see the economy contracting by 9.5 pct this year and growing by 5.7... Needs (GFN) remain below 15 pct of GDP over the ten-year projection period, averaging 10 pct... sees a contraction go 10 percent in GDP this year. Recovery in 2021 will be gradual due to ongoing
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GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
EconomyMacroeconomythe same period last year largely stemmed from a 44.9 percent decline in exports of goods and services... to the corresponding quarter last year, private consumption rose by 1 percent YoY in Q3 after having fallen by 12... to shrink by 14.3 percent this year before recovering by 23.2 percent in 2021. Exports The breakdown
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