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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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Newsletter 161 -11/05/2018
to Tier 2 instruments, the capital depletion for NBG is 9.56 pps and 8.95 pps for Piraeus. The main... could account for as much as 37.2 percent to 44.8 percent of all employment. 2 New overdue taxes up... in March following a rise of 2 billion euros in February, data from the Independent Authority of Public
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Banks focus on defining challenge of reducing NPEs
EconomyBankingcomes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros, as of June 30... value of the loans. The total value of Amoeba following two rounds of interest exceeded 2 billion..., the banks is looking to form a portfolio of approximately 2 billion euros of SME NPLs backed
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For better or worse: Greece's bailout exit deja vu
Agoraand estimates, Greece was expected to save an additional 1.7 to 2 billion euros annually over the period... on current policies Greece would need 2 percent of GDP in measures to sustain the 3.5 percent primary... a fiscal gap of 1.1 percent of GDP, or 2 billion euros. This meant that if Samaras wanted to close
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Newsletter 172 -27/07/2018
between 2 percent and 2.5 percent over the next three years, with the potential of stronger growth... and came to 1.12 billion euros, whereas outside of the EU receipts dropped by 2 percent to 312 million... and revenue for Greece as competition picks up in neighbouring destinations. 2 Primary surplus
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Newsletter 174 -14/09/2018
, after April’s rise of 2 percent. Last year, the index remained consistently positive. Month-on-month... trip rose by 0.6 percent to 498 euros compared to 495 euros for the same time last year. 2..., the index fell by 0.4 percent quarter-on-quarter (QoQ) after having risen by 2 percent in Q1.The
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Newsletter 175 -21/09/2018
the responsibility for collecting this tax to the local government from 2021. He said that the 2 billion euros... that savings of 2 billion euros of savings could be made over a period of two years. Mortgages play... capital controls eventually lift. 2 Primary cash surplus up to 16.76 bln in Aug Improved revenues
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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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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomyin consumption tax to 6.34 billion, while VAT revenues also rose by 2 percent to 11.86 billion. On a monthly... reached 1.27 billion. The MoF is targeting privatisation revenues of around 2 billion euros... the target by 155 million. Overall, in the first nine months of the year, expenditure increased by 2
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