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  1. GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
    Photo by MacroPolis

    EconomyMacroeconomy

    in Q4 was largely driven by a 31.8 percent increase in exports of goods and services and a 3.6 percent... and services showed that compared to Q3, exports of goods rose 4.9 percent while exports of services... of services plunged 55.4 percent. Τhe latest figures from the Bank of Greece for December showed that travel

    3%

  2. Reflections on Greece's balance of payments
    Photo via https://flic.kr/p/5Yb76K

    Agora

    and services: production determines “income.” On the demand side, we can distinguish four categories... and services (including tourism), minus the imports from abroad of goods and services that Greece uses...) speeds up (the supply of goods and services expands, generating more income (Y)); or consumption

    3%

  3. Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln

    EconomyMacroeconomy

    . In contrast, the trade deficit narrowed by 171 million, the services surplus improved by a modest... percent. The moderate increase in the services’ surplus by 3.9 percent is fully due to improved transport services balance, while travel balance turned negative posting a deficit of 27.9 million euros

    3%

  4. Greek digital economy lagging due to weak demand, lack of skills

    Society

    Greece’s digital economy is being held back by a weak demand for internet services, low levels... and digital public services. The survey put Greece at the bottom end of the cluster of low... services remains weak, due to low levels of digital skills. only 59% of the population say

    3%

  5. Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
    Photo by MacroPolis

    EconomyMacroeconomy

    by 196 million year on year (YoY) stems from a widening of the services surplus by 100 million as well... imports rose by 6.5 percent. The widening of the services’ surplus by 11.7 percent largely reflects... by 211 million and lower services surplus by 184 million more than offsetting an narrowing

    3%

  6. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    and services among the three VAT categories. The super-reduced rate includes only pharmaceuticals, books...) and water (excluding sewage). All other products and services fall under the basic rate of 23... in their services’ price, it is not yet clear whether a part of it would be absorbed by the firms

    3%

  7. Current account in surplus for 2nd straight month in June but down 20 pct on 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    . In addition, the services surplus eased by 39 million, whilst the goods’ deficit widened by 23 million... percent. The modest drop in the services’ surplus by 1.6 percent to 2.37 billion is largely due to lower net receipts from transport and other services. In contrast, the travel surplus slightly

    3%

  8. Current account surplus falls to 1.4 bln in July

    EconomyMacroeconomy

    and 95 million respectively and the services surplus was 139 million lower. The goods deficit more... rebounded 2.8 percent at constant prices. The decrease in the services balance mostly resulted from lower net travel and other services receipts, while net transport receipts soared 45.1 percent

    3%

  9. Current account deficit of 1.2 bln in Nov turns 11-month balance negative
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    . This was mitigated by an improvement in the services and primary income surpluses by 61.1 and 25.6 million... in the services’ surplus is mostly attributed to higher net transport and other services receipts... a sharp drop in the services surplus by 1.85 billion and to a lesser extent a worsening

    3%

  10. Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    in the services surplus by 235 million. The modest rise in the goods’ deficit to 1.52 billion reflects... imports rose by 4 percent. The rise in the services’ surplus is largely due to higher net other services... to a significant drop in the services surplus by 1.61 billion and to a lesser extent a worsening in the primary

    3%