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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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Building permits rise by 16.2 pct in June and 7.5 pct in first half of year
EconomyMacroeconomyBuilding permits rose by 16.2 percent in June, picking up strongly from a rise of 4.4 percent noted... was issued in Attica (301 permits), up by 17.6 percent compared to last year. The smallest number... after a drop of 0.2 percent in Q1. The latest figure marks the first increase in apartment prices
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Decline in car sales continues with 14 pct YoY fall during July
EconomyMacroeconomyin July, following a 24.7 percent drop in June and a sharp decline of 49.1 percent in May, Hellenic.... The remainder was made up of motorcycles (5,724), lorries (2,925), and buses (127). Passenger cars..., 49,748 were new vehicles, registering a drop of close to 40 percent. Passenger car sales fell by 32.6
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Trade deficit falls by 24 pct in Sept despite slight uptick in exports to EU
EconomyMacroeconomyGreece’s trade deficit fell by 24 percent year-on-year (YoY) in September compared to a drop... a drop of 16 percent YoY. At the same time, exports totalled 2.56 billion euros, recording a drop... that imports from EU countries edged up by 0.4 percent. Those from non-EU countries fell by 35
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Impact of pandemic, lockdowns reflected in lower household spending during 2020
Societyexpenditure in 2020 came to 15,982 euros per year, or 1,332 euros per month, a drop of 9.9 pct... up to 2019, rising to 1,478 euros. Between 2008 and 2020 the largest drops in average monthly spend... by 62.7 pct. Recreation and culture follow with a drop of 54.5 pct and restaurants, cafes and hotels down
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EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF
EconomyMacroeconomyup to 7.1 pct in the autumn forecasts released on Thursday, from 4.3 pct growth seen in the summer... of unvaccinated citizens with retail and food and beverage owners already noticing a drop in business... signs of normalisation and Greek products gaining market share pushing up exports. Unemployment
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