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Gathering signs of coronavirus impact on growth expectations
Economyby 2.54 percent this year under the baseline scenario, lower than the government’s projection of 2.8... by 2.2 percent this year against a baseline of 2.5 percent, which as mentioned is already lower than... to 1.9 percent in 2020, almost a full percentage point lower than the government’s estimate. This could
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Newsletter 242 -06/03/2020
that it expects Greece’s economy to grow by 2.54 percent this year under the baseline scenario, lower than... as mentioned is already lower than the government’s forecast of 2.8 percent. Under the second adverse scenario, GDP growth could come to 1.9 percent in 2020, almost a full percentage point lower than
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Overdue social security contributions edge down to 35.38 bln in Q4
EconomyMacroeconomy) revealed. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros... of debtors owe less than 15,000 euros each for an aggregate amount of 4.54 billion euros (12.8... to 1.05 billion, higher than the amount for 2016 by 28.4 percent. For 2018, total revenue collection
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More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth
Economyin impacted areas that had to close for more than 10 days. The government has also offered to subsidise... to the coronavirus and the migration crisis. Although Alpha notes that Greece is somewhat more protected than other countries because the virus will impact demand more than the supply side, it adds
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Newsletter 244 -20/03/2020
for a one-off, emergency scheme rather than a regular ECB QE programme. Also, the fact that New Democracy has a cash buffer of more than 30 billion euros at its disposal, which it inherited from... measures were taken earlier in Greece than in some other countries and that the number of cases
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ND to unveil more economic support as coronavirus restrictions are extended
PoliticsGreek Politics, with more than 115,000 layoffs recorded in the first three weeks of March, whereas 250,000 companies have... than 30 billion euros, although that remains the mots straightforward option in the short-term... to developments rather than putting together a major package that would protect jobs and ease economic
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Waiting for Eurogroup outcome, ND and SYRIZA focus on economic interventions
PoliticsGreek Politicsthe number of deaths reached 73, which translates into 7 per million. The death rate is higher than some countries in the Balkans, but lower than most in Western Europe. The death rate remaining... percent. This has translated into support for New Democracy reaching more than 40 percent in the opinion
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Unemployment at 16.4 pct in January
EconomyMacroeconomythe Labour Ministry’s Ergani database for February showed that there were 24,867 more hirings than firings. Compared to the same month last year, there were 2,973 fewer people hired than fired. Total... showed 7,549 more hirings than departures. Ergani noted that this represented the second highest
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ND focussed on keeping coronavirus numbers down in build-up to Greek Easter
PoliticsGreek Politicsare in critical condition. These numbers, which are better than those for most western European countries..., this is likely to lead to authorities allowing people to leave their homes for a wider range of reasons than... focussing on the economic consequences of the Covid-19 crisis, rather than on public health matters
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Snap election scenarios circulate as ND's pandemic response fuels surge in polls
PoliticsGreek Politicsof respondents supporting the governing party compared to 20.3 for the main opposition. More than 63 percent... of events a scenario for snap elections, less than one year into ND’s term in government. Such a scenario... also be a useful way to keep his party focussed on unity rather than questioning SYRIZA’s strategy
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