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GDP growth slows to 0.3 pct QoQ, investments underwhelm
EconomyMacroeconomyreport that was published in October, Bank of Greece (BoG) sees 2024 growth at 2.2 percent, and 2.5 pct
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Current account deficit at 8 bln after 10M as goods deficit widens
EconomyMacroeconomyGreece’s current account remained in deficit in October, widening to 383.2 million, from 316.5 million euros in September, Bank of Greece (BoG) data showed on Friday. In October 2023, the balance showed a deficit of 1.21 billion euros. The Bank of Greece notes that this is mainly due
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Solid Oct for travel receipts takes 10M figure to new record of 20.94 bln
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.94 billion euros in October, compared to 3.58 billion euros in September, according to data released by the Bank of Greece (BoG) on Tuesday. October balance was 18.6 percent higher than the 1.64 billion euros recorded in October 2023. In October 2022
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Corporations drive sharp rise for deposits in Nov, reaching 198.01 bln
EconomyMacroeconomyThe private sector deposits in the Greek banking system rose sharply in November with a net increase of 2.27 billion euros, after a 2.26-billion-euro contraction in October, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in November was 5 percent year
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Credit for corporates propels credit growth to 10 pct YoY in Nov
EconomyMacroeconomyThe credit expansion in the Greek private sector accelerated in November, rising by 10 percent year-on-year (YoY), from 9.1 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 1.93 billion euros after a movement of 1.88
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Current account deficit widens to 3.15 bln in Nov, at 11.52 bln in 11M
EconomyMacroeconomyGreece’s current account remained in deficit in November, widening to 3.15 billion, from 383.2 million euros in October, Bank of Greece (BoG) data showed on Monday. In November 2023, the balance showed a deficit of 3.18 billion euros. The Bank of Greece notes that this is mainly due
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Despite lower spend per trip, record arrivals push travel balance to 18.77 bln in 11M
EconomyMacroeconomyGreece's travel balance recorded a surplus of 419.9 million euros in November, compared to 1.94 billion euros in October, according to data released by the Bank of Greece (BoG) on Tuesday. The November balance was 82.7 percent higher than the 229.9 million euros recorded in November 2023
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Seasonal rise in Dec pushes deposits above 200 bln mark for first time since 2011
EconomyMacroeconomyThe private sector deposits in the Greek banking system ended the year strongly in December with a net increase of 5.65 billion euros, after a 2.27-billion-euro rise in November, according to the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in December was 4.5
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Loans to corporations drive credit expansion of 8.9 pct YoY in Dec
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in December, rising by 8.9 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was positive by 3.05 billion euros after a movement of 1.93
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Current account deficit widens to 15.13 bln in 2024
EconomyMacroeconomyGreece’s current account remained in deep deficit in December, widening to 3.6 billion, from 3.15 billion euros in November, Bank of Greece (BoG) data showed on Thursday. In December 2023, the balance showed a deficit of 2.92 billion euros. The Bank of Greece notes that this is mainly due
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