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  1. Newsletter 193 -08/02/2018

    Newsletters

    showed a rise of 1.1 percent in the trade deficit, bringing the total shortfall to 21.47 billion... growth is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2... of year general government bulletin also showed this week that 2018 ended with a total of 2.04 billion

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  2. Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    balance will come to 2.1 pct of GDP, from 1.1 pct this year. The total deficit will halve to 2.49 billion euros, at -1.1 pct of GDP, from 4.78 billion euros, -2.1 pct of GDP, this year. Interest payments..., from 2.2 pct this year. CPI and HICP will converge next year to 2.6 pct, from the 4 pct region

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  3. Slight rise in deposits for March but outflows at 2.2 bln for 2014

    EconomyMacroeconomy

    offsetting savings outflows of 294 million. Since the beginning of this year, total outflows stand at 2.21.... In contrast, time deposits showed inflows of 1.28 billion for the year to date. Total deposits... positive flow of 1.27 billion and 816 million respectively. The total amount of deposits that have

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  4. Deposit inflows increase to 1.1 bln in June
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Total deposits – which also include those of the general government (gg) as well as of euro and non... total deposits also reflects outflows of 140 and 98 million from gg and non-euroarea residents... the ELA ceiling for Greek banks by a total of 3.1 billion. As a result, the ELA limit currently

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  5. Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
    Photo byPanayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    quarter (Q1) of 2017, after a downwardly revised drop of 1.1 percent in the previous quarter... by 1.1 percent in the previous quarter. It grew by 0.9 percent YoY from a decrease of 0.7 percent...’s share of GDP, making up 70.5 percent of the total figure in Q1. The latest Finance Ministry (MoF

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  6. Banks meet NPE targets in Q1 but mortgage reductions remain slow

    EconomyMacroeconomy

    and representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The NPE ratio stood... loans (target: 50 percent) and 43.9 percent for residential loans (target: 43.2 percent). The total volume of NPLs was reduced by 1.1 billion QoQ. During the quarter, corporate NPLs came to 35 billion

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  7. August current account shows surplus of 1.56 bln as deficit in primary income account grows
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    worsened very slightly by 18.3 million or 1.1 percent. This was driven by imports rising faster than... percent YoY. BoG noted that at constant prices, total exports of goods rose by 15.8 percent, and total imports by 6.1 percent. In absolute terms, imports came to 4.24 billion and exports to 2.54

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  8. Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent. Private consumption is forecasted to rise by 1.1 percent and exports growth to slow to 5.8... in September. These fiscal interventions total 910 million euros, nearly evenly split between lowering... main categories, with tax revenues increasing by 2.2 percent year on year to 46.42 billion euros

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  9. Newsletter 109 - 03/03/2017

    Newsletters

    and in the corporate tax rate. Economic sentiment in Greece fell by 2.2 points in February, after... rebounded by 5.1 points in February. The Manufacturing PMI rose by 1.1 points to 47.7 in February, after... The retail sales index dropped by 1.3 percent in December after an upward revised 2.2 percent growth

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  10. Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    pct in 2023. Exports of goods and services growth is expected to accelerate to 6.3 pct, from 2.2 pct... in imports is also seen doubling to 4.5 pct, from 2.2 pct in 2023. This will bring nominal GDP... 20.96 billion euros. The primary surplus of 2023 will land at 1.1 pct of GDP, or 2.56 billion euros

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