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Newsletter 91 - 07/10/2016
to the private sector fell for the second successive month by 629 million in August, bringing the total drop... of August, up by 274 million since the end of 2015. MoF revenue figures for September, preannounced... in July, up from 23.4 percent in June. The jobless rate remains at its lowest level since March
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In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
Economyprevious estimate that economic activity will start picking up from the second half of this year.... However, EC updated its estimates on the GDP components and is now expecting private consumption to drop... conditions and EU funding. After a drop by 4 percent in 2016, exports are estimated to rise by 3.6
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Current account surplus widens to 1 bln in September
EconomyMacroeconomymillion euros, coupled with a drop in the goods’ deficit by 76.6 million. In contrast... the travel surplus up by 1 percent to 2.04 billion. The BoG also noted that the deterioration in the primary... improvement in September, the aggregate figures for the 9-month period point to a marked drop
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Retail sales rebound for second time in last three months by 1.7 pct in September
EconomyMacroeconomyrevised drop of 2.5 percent in August, Hellenic Statistical Agency (ELSTAT) figures displayed... adjusted (SA) retail sales’ index edged up 1 percent month on month (MoM) to 71.9 in September, after... decrease of 4.1 percent in September. Τhe Greek retail turnover has recorded a sharp drop by 26.4
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Current account balance turns to deficit of 198 mln in Oct
EconomyMacroeconomyshowed on Wednesday. The deterioration is attributed to a drop in the primary and secondary income... in the services surplus by 75.2 million. In addition, the goods’ deficit edged up by 11.2 million... surplus up by 18.5 percent to 846.1 million. The BoG also said that the deterioration in the primary
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Newsletter 120 - 26/05/2017
million. This pushed the travel surplus up by 83.5 percent to 140.2 million. The weaker receipts reflect... the target by 534 million. Drop in apartment prices accelerates in Q1 Prices fell by 0.5 percent in Q1...) in the first quarter of 2017, following an upwardly revised drop of 1 percent in Q4 2016, BoG data
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Could reforms have prevented Greece's economic collapse?
Agorahit hard by the global financial crisis in 2009, when it posted a sharp GDP drop of -4.3 percent... Q3 2010 and Q1 2011. The cumulative drop of private consumption in the 2010-2013 period was close... and Q2 2011. The deepest drop was posted in Q3 2012, when it fell by 32.8 percent. Greece’s exports
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingin June outperforming target by 300 million, while a drop of another 1.2 billion should be achieved...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income... from the March figure. Alpha noted that the post-June drop in Eurosystem funding was driven by repo
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Stress test assumptions cause few concerns for Greek banks
EconomyBanking, residential real estate values will drop marginally by 0.5 percent this year and grow by 1 percent... scenario, GDP is assumed to drop by 1.3 percent in 2018, 2.1 percent in 2019 and grow by 0.2 percent... of deflation is assumed up to 1.8 percent in 2020, 5.7 percent lower than the baseline. Both residential
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Are you not entertained?
AgoraGDP in 2017 was close to 64 billion lower than the pre-crisis levels. This drop of 25 percent..., a drop of close to 70 percent. The rebound over the last couple of years simply underlines how... drop. The index of wages in the middle of 2015 was almost 30 percent lower than the first quarter
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