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Piecemeal process likely in drive for more fiscal space
EconomyProgrammeto gain greater fiscal space, a move that would allow it to live up to its promise to voters of easing... case it will free up 0.6 pct of GDP space towards tax cuts. The government plans to direct 2 billion of the 4.2 billion euros available up to 2022 in ANFA & SMP profits towards private investments
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Newsletter 253 -05/06/2020
up air travel to Greece was illustrated on Tuesday, when a dozen passengers on a flight from Doha... up and its ability to control the risk of imported infections. Out of the 2,937 confirmed cases... growth and is the sharpest QoQ contraction since Q3 2015, when there was a drop of 2 percent. Compared
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Newsletter 266 -18/09/2020
already been taken up. There are another 255 ICU beds available for the treatment of other... the 9 pct drop observed in the rest of the eurozone. In the adverse scenario, which would involve.... These fiscal dynamics will push Greek debt up above 200 pct of GDP. This will be the first time
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Newsletter 267 -02/10/2020
as not only a way to boost US-Greek relations but also to line up support in light of brewing... actions in the Eastern Mediterranean. Athens and Nicosia have taken different approaches in the lead-up... process, which it is hoped will speed up decision times. Late payments pressure Greek businesses
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Newsletter 271 -30/10/2020
, a drop of roughly 10 percent. There was also an increase in the number of persons receiving less... euros decreased by 11.3 percentage points. The biggest drop was for those earning salaries of between... deposit movements in the Greek banking system were positive by 1.16 billion euros in September, up
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Newsletter 279 - 05/03/2021
, the government is in danger of losing the political capital it had built up from the competent handling.... The government insists, though, that this is not the case. Banks intensify balance-sheet clean up... of 5.5 percent. 2 PMI dips to 49.4 points in February Cost burdens pile up Greece’s manufacturing PMI
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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
EconomyMacroeconomy. Final consumption expenditure decreased 2.2 percent (though government consumption was up 7.3..., following a 10.3 percent drop in Q3. On an annual basis, for 2020 private consumption dropped 5.2... of GDP, making up around 95 percent of the total figure in Q4, with private consumption representing
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingcompared to 262 million euros in Q3. For the year, PPI came to 809 million euros, a 30 percent drop... the stock down to 22.5 billion euros, despite the pandemic environment. However, inflows picked up in Q4... expenses in 2020 stood at 891 million, a drop of 7 percent YoY. This trend improved the group’s
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Manufacturing and electricity supply help keep industrial production buoyant in Sep
EconomyMacroeconomy. These were partially offset by a 0.3 percent drop in water supply. Up to September, the IPI has increased.... Month-on-month (MoM), the index recorded an increase of 9.5 percent, from a 13.3 percent monthly drop... by an 8.3 percent in manufacturing and 5 percent in mining and quarrying. Water supply was up by 1
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Apartment prices rise 7.9 pct in Q3, continuing upward trend
EconomyMacroeconomyin the third quarter of 2019, just months before the pandemic broke. The property market is up by 8.3 percent up to September this year. Property prices in Greece have been rising continuously since Q1... double-digit drop of -10.9 percent in 2013. The sharpest quarterly rate of decline was seen in Q1
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