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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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Newsletter 198 -15/03/2019
to make up just 2 billion euros, compared to 9 billion euros of non-performing mortgages... access and signed the first bailout. Greece raised 2.5 billion euros, was looking initially for 2... objectives it needs more credible measures to achieve them in the IMF’s view. 2 Unemployment at 18.7 pct
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Report exposes fractured and incomplete response to refugees
Societymillion euros was allocated for a revised PHILOS 2 project, along with a 400-euro stipend for staff... the country that the PHILOS 2 project had envisioned. The report showed that as of May 2019, there was only... at the Leros centre. Part of the delay related to the PHILOS 2 project was that KEELPNO, which was leading
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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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GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
EconomyMacroeconomythat in June, international arrivals by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4... compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter... for next year is seen at 2 percent, from 2.1 percent in the previous outlook.
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... to face losing 69 percent of their turnover in 2020, while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39, 33 and 26 percent, respectively. 2 Loan interest
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyProgramme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2...’s macroeconomic assumptions. According to the council, the 2 percent growth projection for 2019... in 2020, the OECD has its estimate at 2 percent and the IMF expects 2.2 percent growth. The council
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Newsletter 226 -01/11/2019
risen is that the previous auction of 26-week T-bills on October 2 for the same amount produced a yield... below the 2 percent threshold, and only the 25-year benchmark marginally over at 2.12 percent... the target by 542 million. Overall, the PIB balance landed on a deficit of 777 million euros. 2
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