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  1. Newsletter 254 -19/06/2020

    Newsletters

    are not seasonally adjusted. Over the last five years, the figures revealed that the largest drop since Q1 2015... quarter. Primary cash deficit at 5.35 bln in May Figure driven by a drop in revenues and a rise

    5%

  2. Newsletter 256 -03/07/2020

    Newsletters

    percent drop in 2020, while in the adverse, which essentially assumes a resurgence of the pandemic... revised drop of 0.7 percent in March, Hellenic Statistical Authority (ELSTAT) data showed. The current

    5%

  3. OECD forecasts unemployment increase into 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    are lower than the OECD average, which sees an average drop in GDP of 7.5 percent under the single hit... is the harshest, anticipates a GDP drop of 10 percent this year with subsequent job losses of 192,000

    5%

  4. Newsletter 261 -07/08/2020

    Newsletters

    cash deficit at 5.48 bln June figure driven largely by drop in tax revenues Greece’s general government... on the back of Covid-19 uncertainty Firms highlighted further evidence of a drop in client demand

    5%

  5. Construction slides again in May with fall of 8.7 pct YoY in building permits
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic... of the 13 regions. The largest drop was noted in South Aegean (-33.2 percent), Epirus (-29.7

    5%

  6. Retail sector struggles through pandemic
    Photo by MacroPolis

    EconomyFeatures

    by the drop in revenue this year. Almost eight out of 10 small companies with an annual turnover of less than 45,000 euros reported a drop in sales versus six out of 10 companies with a turnover of over

    5%

  7. Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales index decreased by 6.9 percent in June following a revised drop of 4.6 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The latest month’s reading is the second lowest drop in the year so far after the series low of -24.5 percent in April

    5%

  8. H1 results for Greek corporates show signs of pandemic biting
    Image via www.gekterna.com

    EconomyCorporates

    quarter of 2020, showing a drop of approximately 80 percent compared to the aviation fuel sales... and impairment of non-operating property for sale, EBITDA came to 72.3 million. The drop in EBITDA stemmed

    5%

  9. Newsletter 266 -18/09/2020

    Newsletters

    the 9 pct drop observed in the rest of the eurozone. In the adverse scenario, which would involve... forecasts. 2 Current account deficit at 874.5 mln in July Sharp drop in travel receipts drives

    5%

  10. Current account shows deficit of 874.5 mln in July as travel receipts disappoint
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    of the secondary income account, which was partly offset by a significant drop in the balance of goods deficit along with the drop in the deficit of the primary income account. A decrease in the deficit

    5%