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Newsletter 334 - 08/04/2022
for April shipments in rubles. DEPA Commercial, which receives 2 billion cubic metres of natural gas... a fall of 2 points in the overall satisfaction levels with the centre-right administration compared... and the sovereign borrowing costs edging up by 2 percentage points. The PBO also noted that price
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Where is Odysseus? Part 3 - Participation
Agora” scenario restrains the recovery of the PR to 59½ percent.[2] If Greece were to approach the EU27 level... to be in the labor force (LF). This is shown in Figure 2. The baseline scenario for the labor force.... Recall, there are two reasons: 1. Slightly higher population and, 2. Slightly bigger WAP
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Newsletter 349 - 02/09/2022
. This emerges as a more divisive issue, with only 2 pct of ND voters agreeing that Mitsotakis should step... by Lithuania at 3.6 pct of GDP, but with a much smaller allocation of 2 billion euros. The largest nominal... to roughly 2 billion euros, jumping from 1.14 billion euros in August. The revenues
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Where is Odysseus? Part 6 - Potential real GDP
Agoraby the Greek government.[2] Our more-modest real GDP outlook for the long run is quite below that of the EU... productivity improvements must be pushed up mathematically, even to over 2 percent a year around the 2040s... these two diverging growth outlooks. Figure 2 graphs the comparison between the real GDP potential
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Reflections on Greece's balance of payments
Agora-investment balance of the government (the public sector). Figure 2 below shows the results... of the government in Figure 2. Financing the current account deficits. When a country runs a current account... banks. In 2008-Q1, the “restricted” Greek NII position[2] was a deficit of €-160 billion, or -68
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomy. The total deficit is seen at 2 pct of GDP, 4.46 billion euros, from a deficit of over 4 pct, 8.54... by higher tax revenues of close to 2 billion euros at 56.75 billion euros. Taxes are up by 1 billion euros.... Spending is contained by almost 2 billion euros, primarily due to winding down most of the pandemic
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Where are the Conservatives?
Agora(Mitsotakis 1 and 2). 2. The average number of “cabinet” members, sometimes including state secretaries... measured 737,000 total employment; in 2022 it was 1.1 million.[2] We can overlap over this interval... facilitated keeping jobs to a minimum. [2] The compound growth rate of government employment is 1.4
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Industrial turnover completes eighth month of contraction in Nov, falls 2.7 pct YoY
EconomyMacroeconomy-on-year (YoY) from a 2 percent decrease in October, according to data released by the Hellenic..., basic metals. Revenue in the domestic market decreased by 2 percent, while the non-domestic market was down by 2.5 percent. On a monthly basis, industrial turnover in the total market decreased by 2
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Is Greece on track to decouple from fossil gas?
Agoraand Italy (Figure 2). Figure 2: Changes in total gas consumption in the 27 EU-27 Member States over... with increased storage capacity[2] as an alternative to new gas plants. In any case, the 7.7 GW of total gas... from Bulgaria, North Macedonia and Albania, while Greece mainly exports to Italy. [2]Electricity
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Underwhelming GDP highlights investment falling short of mark
EconomyMacroeconomy, as the momentum from the pandemic recovery started to ease, GDP recorded growth rates of 2 pct, 2.7... for. That said, growth of 2 pct that outpaces the EU and the eurozone almost four times can hardly... between 2 and no more than 2.5 pct. Once again, fixed capital formation is expected to grow by more
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