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S&P leaves Greece a notch away from investment grade as outlook blurs
Economynext year, from 6 pct growth in 2022, to less than 2 pct, at 1.7 pct, on the back of energy..., if the economy weakens beyond expectations and budget performance does not meet projections, a downgrade
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Newsletter 361 - 02/12/2022
called Gefyra (Bridge) 1 and 2 that subsidised mortgages initially and then business loans, under... see banks covering half the rise in the mortgage payment, without any fiscal impact for the budget
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PBO sees economy making soft landing, but facing challenges ahead
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) released its latest quarterly report on Tuesday, which highlights some of the concerns for the coming year despite notable progress on the fiscal and economic... over the coming months, there are doubts to what extent the goal of 2 pct can be achieved
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Newsletter 366 - 20/01/2023
asset purchase programme. In the latest 2023 budget submission, the Finance Ministry sees interest... to continue pushing up rates in the coming meetings until inflation is swiftly back to the 2 pct target
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Newsletter 383 - 02/06/2023
, with fuels down by almost 10 pct MoM, food sales turnover dropped by 2 pct monthly, while non-food excluding... holiday this summer and 39 pct of those that will go plan to reduce their budget by 50 pct
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Mitsotakis names extensive cabinet with dose of renewal
PoliticsGreek Politicscrisis. Hatzidakis will be tasked with producing a budget primary surplus of at least 2 pct of GDP
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Newsletter 390 - 21/07/2023
scrutiny as budget constraints loomThe issue of tax evasion surfaced during the campaign for the second... it will have to double this year’s primary balance to more than 2 pct of GDP and keep it there for the next
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S&P awards investment grade, bringing arduous cycle for economy to a close
Economyby 2.5 pct this year and remain above 2 pct up to 2026, with 2.4 pct growth expected next year... to play in such a development. On the other hand, below expectations budget performance
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Newsletter 404 - 01/12/2023
. It left broadly unchanged its 2024 outlook for Greece, seen growing by 2 pct next year, from 1.9... next year’s budget on and the largest deviation is on investments, a topic that we discussed
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European Commission leaves 2024 growth estimate of 2.3 pct unchanged
EconomyMacroeconomythis year’s budget. The Commission also points to last year’s real GDP growth, which landed at 2.2 pct..., from HICP of 4.2 pct last year to 2.7 pct in 2024 and drop further to 2 pct in 2025.
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