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PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
EconomyMacroeconomyFollowing the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth...
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyyear on year compared to IMF’s estimate for a growth of 0.7 percent. The European Commission (EC... of Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth.... For 2018, the IMF expects GDP growth to accelerate to 2.7 percent, while its medium-term estimate
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Newsletter 65 - 04/03/2016
of a primary surplus of 3.5 percent of GDP. In contrast, the EC and the government estimate a lower... percent contraction it foresaw in its flash estimate on February 12. The reported figures point... lower than the initial estimate incorporated in the third bailout programme of a recession of 2.3
5% -
Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomy. Athens now sees 2017 growth settling at 1.6 percent, well below the initial estimate. The Finance...). In fact, private consumption only grew by half the original estimate, 0.9 percent. Investment also reached just over half the estimate, increasing by 5.1 percent. The growth of exports did
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyfor 2016. The MoF, Bank of Greece (BoG) and the EC estimate a mild GDP contraction of 0.3 percent, while OECD’s estimate stands a bit lower at 0.2 percent. In contrast, IMF sees a marginal GDP expansion of 0.1 percent. For the full year MoF and EC estimate of a GDP contraction of 0.3 percent to be met
5% -
Industrial turnover rises at accelerating pace of 9.4 pct in Sept
EconomyMacroeconomy-durables edged down 1 percent. In more detail, turnover in mining of metal ores more than doubled... breakdown showed the top performing sectors included metal ore mining (+88 percent), motor vehicles
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Industrial turnover rebounds 2 pct in November
EconomyMacroeconomy(+48.2 percent) followed by mining of metal ores (+29.9 percent) and fabricated metal products
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Industrial production rises at record high rate of 10.8 pct in Feb
EconomyMacroeconomyin basic metals (+27.7 percent), fabricated metal products (+25.3 percent) and mining of coal..., while big drops were also recorded in mining of metal ores (-13.3 percent) and wearing apparel
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Manufacturing PMI dips slightly to 53.6 pts in September as sentiment remains strong
EconomyMacroeconomyin metal and wood products. Output charges in turn increased for a ninth consecutive month.... The increase in prices was noted by respondents, particularly around higher metal and wood product
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Industrial turnover jumps 31.6 pct in Aug as strong recovery is boosted by business abroad
EconomyMacroeconomymanifested in coke and petroleum products, beverages, basic metals, and fabricated metal products... and petroleum products, fabricated metal products and basic metals. Mining and quarrying turnover increased
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