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  1. Economic sentiment back up to pre-pandemic levels, reaching 113.4 pts in Nov
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    figures released on Monday. Economic sentiment had been improving since February this year, recovering from 90.7 points in January. Since the start of the year, the ESI has increased by 21.6 points... by 3.9 points since the start of the year. The Employment Expectations Indicator (EEI) came to 114.2

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  2. Covid dominates start of 2022 but PM looks ahead to growth

    PoliticsGreek Politics

    The new year begins much like the previous one in political terms as Covid is again the dominant.... There was an explosion in cases between Christmas and New Year’s Eve, surpassing 40,000 on Dec 31 in a new... to the police force, army or even catering sector. In his New Year’s address, Prime Minister Kyriakos

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  3. Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
    Photo by MacroPolis

    Economy

    Fitch got the schedule of rating reviews in the new year underway with an upgrade of Greece’s... not taken any rating action since. Fitch is in line with S&P, which upgraded Greece in April last year to ‘BB’ with positive outlook, however, it did not publish a review back in October last year

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  4. Rising yields, market turbulence limit government's fiscal options
    Photo by Panayiotos Tzamaros

    Economy

    that it is set to tighten monetary policy this year. The finance and economy ministers both argued this week... the rating agencies by next year at the latest. The Finance Ministry understands that along with further reforms, rating agencies see Greece meeting its fiscal commitments on the way to a surplus next year

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  5. Newsletter 330 - 04/03/2022

    Newsletters

    will have to re-write this year’s budget due to the multiple effects of the war, which will become... firms and the government were hoping for further recovery this year. This year’s budget is based... must factor in average inflation this year that could be up to five times the 0.8 pct inflation

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  6. Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
    Photo by Giannis Papanikos/Fosphotos

    EconomyBanking

    billion euros the previous year. Adjusted net profit was 424.3 million euros, from profits of 538.1... in the third quarter (Q3). Core pre-provision income (PPI) rose by 4.1 percent year-on-year (YoY) in 2021 to 900.3 million euros, with 418.1 million euros of loan loss provisions booked in the year

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  7. Newsletter 331 - 11/03/2022

    Newsletters

    to a year earlier. The policy mix proposed by SYRIZA includes cuts or freezes to fuel levies and VAT... the index jump by 7.2 pct year-on-year was another confirmation for the Greek authorities... over the last few months, after it moved into positive territory in May last year with 0.2 pct

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  8. IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    on growth. Specifically for Greece, growth for this year was revised down by just over one percentage... pct in the last quarter of this year and much slower at 1.8 pct in the last quarter of next year... in October, to a deficit of 6.3 pct this year and remain elevated at 6.1 pct in 2023, contained to 2.7

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  9. Newsletter 338 - 20/05/2022

    Newsletters

    returning from next year, envisaged at 1.3 pct of GDP. The fiscal assumptions include the reduction... contained. The fiscal picture is substantially improved this year as pandemic spending is phased out and the economy maintains growth momentum. Over the first four months of the year, the primary deficit

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  10. Newsletter 344 - 01/07/2022

    Newsletters

    of the year, however, this does not alter the picture that the budget appears to hold during the first half of the year. The inflation wave and the bumper tourism season are key drivers of this fiscal... five months of the year. The total package has reached 8.44 billion euros. Five billion euros

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