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  1. Building permits down 11.4 pct in August for second successive drop

    EconomyMacroeconomy

    to a further drop in house prices by 7.5 percent in 2015, 5 percent in 2016 and 1 percent in 2017

    6%

  2. BoG report highlights need for programme implementation, political consensus
    Photo by MacroPolis

    Economy

    involve: 1) Addressing the issue of NPLs that would ease the burden on cooperative borrowers and enable... to the education system. 4) Maintaining primary surpluses 5) Actions to improve public sector efficiency

    6%

  3. Building activity down by 3.5 pct in Sept for third straight fall

    EconomyMacroeconomy

    percent in 2015, 5 percent and 1 percent in 2017 under the baseline stress test scenario. Housing

    6%

  4. Marked rise in expenditure leads to a budget primary deficit in Nov

    Economy

    in the Parliament on December 5. The 2015 revenue and expenditure targets were lowered by 399 and 25... far this year, and stands almost 1 billion above the monthly target. As a result, the year to date

    6%

  5. Travel receipts drop by 4.1 pct in Oct for second straight fall
    Photo by MacroPolis

    EconomyMacroeconomy

    bringing the 10-month travel surplus up 5 percent to 11.86 billion. The year to date growth in receipts... figure. SETE has also estimated direct tourism revenues to reach 14.5 billion in 2015, up by 1

    6%

  6. Drop in building activity accelerates to 11.3 pct in Oct

    EconomyMacroeconomy

    Greece’s adjustment programme project a drop of 5 percent in 2016 and 1 percent in 2017 following

    6%

  7. S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March

    Economy

    growth of 3 percent per annum in 2017-19. For 2016 in particular, the key drags to GDP involve: 1) Banks..., assuming optimistic nominal GDP growth of 5 percent, primary surplus of 2 percent and current borrowing

    6%

  8. Greece seen improving refugee response but still under pressure to deliver in Feb
    Photo by grendelkhan https://flic.kr/p/awse9

    PoliticsForeign Policy

    , the key issues for a successful control of refugee flows are: 1. The construction of hot spots 2. Re.... The increase of capacity at the centers in Greece 5. The improvement of external border controls. On this last

    6%

  9. Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
    Photo by MacroPolis

    EconomyMacroeconomy

    compared to the Q3 drop decrease of 1 percent. In addition, Q4 GDP declined 2 percent YoY, decelerating... of 1.4 percent, while exports and imports recorded a fall of 2.5 and 5 percent respectively. For 2016

    6%

  10. Building activity rebounds 7.2 pct in November
    Photo by MacroPolis

    EconomyMacroeconomy

    by 5 percent in 2016 and 1 percent in 2017. Meanwhile, housing loan balances have contracted by 16

    6%