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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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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economyon a 2.2 pct of GDP primary surplus in 2024. The debt-to-GDP ratio is estimated on a sliding path.... This is underpinned by an estimate of average growth up to 2025 of 3 pct. The stable outlook reflects
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Trump's tariffs create gloomy economic environment for vulnerable Greece
EconomyMacroeconomyagricultural and food products were close to 31 pct. In an estimate last month, Bank of Greece had assumed 10... exports had a difficult time in recent years, as total exports continued to decline, falling by 2.2 pct..., with the US being the second largest market with a 5.4 billion euros share. It is estimated
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