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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomyframework. The IMF sees Greek economic growth in real terms at 2 percent in 2018, then decelerating... Greece to grow by 2.3 in 2018 and 2 percent next year. Ratings agencies are also more optimistic than... the positive outlook, with growth estimates that exceed 2 percent in the near term. On the sidelines
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Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
EconomyMacroeconomytarget by 2 million euros. Net revenues came to 11.10 billion euros, above target by 407 million... below target by 2 million euros and 5.4 percent lower than that for the same time last year. Interest... three months of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower
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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomy. The issue of savings worth 2 percent of GDP for the post-programme period was pivotal.... As such, the IMF argued that this required additional savings of 2 percent of GDP, which would come from 1... at their disposal an expansionary package worth close to 2 billion euros of spending with the lion’s
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EC autumn forecast lowers growth for 2019 on pending budget finalisation
EconomyMacroeconomyfor the purpose of this forecast, Greece is expected to grow by 2 percent in 2018, slightly higher from the 1.9 percent previously. Growth next year is seen at 2 percent, from 2.3 percent previously although... to 2.3 percent growth. Growth for 2020 is also seen at 2 percent. Although investment is expected
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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
EconomyProgrammein 2018, around 2 billion euros remained unpaid at the end of December. The Finance Ministry has argued... from the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent... is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2 percent
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsfew days. Centre-left Movement for Change (KINAL) gained 7.1 percent (2 MEPs), the Communist Party (KKE) 5.7 percent (2 MEPs) and Golden Dawn 4.8 percent (2 MEPs). Beyond the considerable winning
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The oil and gas debate Greece is not having
Agorathe Paris agreement target of “limiting global warming to well below 2°C and pursuing efforts... of 2°C - there is little scope for the development of new fields, even when accounting for the natural.... The same paper estimates that, to meet a target of 2 °C, “a third of oil reserves, half of gas
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economypercent below the 2008 level, and rising by just 2 percent in the first nine months of 2019. Fitch sees... of 0.6 - 2 percent, and the IMF’s estimate of 0.9 percent. Fitch welcomes the developments... with a 15-year issue in the region of 2 to 2.5 billion euros.
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Overall loan interest drop to 4.30 pct in February
EconomyMacroeconomyaverage interest rate on all existing loans dropped by 2 bps to 3.95 percent. The spread between... on corporate loans without a defined maturity decreased by 2 basis points to 4.68 percent, while... from households with an agreed maturity of up to one year decreased by 2 bps to 0.31 percent.
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Overall loan interest at 4.05 pct in April, hitting new series low
EconomyMacroeconomyweighted average interest rate on all existing loans dropped by 2 bps to 3.88 percent. The spread between existing loan and deposit rates fell by 2 bps month-on-month to 3.73 percentage points... percent, while the corresponding rate on loans to sole proprietors rose by 2 bps to 6.84 percent
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