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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomyby 1.8 percent this year, which is lower than the 2.2 percent expected in the spring forecasts published in May, compared to a 2 percent estimate in last year’s autumn forecasts. In 2020, the EC...) in the third quarter (Q3) of 2019 after a revised increase of 1.3 percent in Q2, provisional estimates from
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Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
EconomyProgrammepct over the 2020 to 2060 period and the fiscal assumptions see a primary balance of 2.2 pct of GDP..., it is not before 2050 that the debt stock will converge to the previous estimate of around 85 pct of GDP... in the previous estimates. In terms of the debt-to-GDP ratio, Greece was expected to have a debt level
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyyear of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece..., the Commission forecasts a primary surplus of 2.2 pct, leading to a total deficit of just 0.8 pct of GDP... appears to be more entrenched compared to previous estimates, when in the summer the Commission
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EC's autumn forecasts see stable growth, with RRF playing pivotal role
EconomyMacroeconomyin February of this year. For 2024, the estimate is for growth of 2.4 pct, from 1.9 pct in May, while growth in 2025 is seen at 2.2 pct. This suggests that Greece will continue to outperform EU and eurozone... for this year and improved for next year, compared to the previous estimates in spring. The Greek
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New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
EconomyMacroeconomy. The macroeconomic framework of the plan sees the economy growing by 2.2 pct this year, a slight revision... the RRF is expected to get wound down, with growth of 1.5 and 1.3 pct respectively. The estimate... of this year. The longer-term horizon estimates debt-to-GDP to drop to just short of 115 pct of GDP
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EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
Economyat 2.1 percent of GDP in line with Greek government latest estimate of 2.2 percent. Similarly, the EC...). The rebound in gross fixed capital formation is estimated at 5.3 percent in 2014 (from 8.4 percent before
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomyplan neither an estimate of privatization proceeds. Bonds Following the issue of 3- and 5-year bonds...) and a higher growth in exports (+5.2 percent) compared to imports (+2.2 percent). In contrast... for 2015 is now estimated at 5.42 billion euros, which corresponds to 2.9 percent of GDP. This is higher
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Greece on track for bumper tourism year, figures show
EconomyFeaturesshowed that arrivals to the country came to 27.2 million visitors, surpassing the estimate of 26... arrivals increased by 17.6 percent to 2.2 million passengers. Road arrivals also rose by 1.1 percent... to reports from several industry bodies as well as the Bank of Greece. An estimated 30 million visitors
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomylevel of 5.2 percent. Unemployment will drop to 18.2 percent next year, from 19.6 percent estimate... main categories, with tax revenues increasing by 2.2 percent year on year to 46.42 billion euros... place and was initially estimated at 7.3 billion euros. Based on the programme methodology, next year’s
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Newsletter 221 -27/09/2019
with the European Commission’s current estimate of 2.2 percent growth, and 2.1 percent for this year... will be hit particularly hard. The Greek Tourism Confederation (SETE) estimated that the economic losses
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