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Revision of GDP to have varied knock-on effect
EconomyMacroeconomy. ELSTAT revised up the growth outcome for last year, from 2 pct in the March first estimate to 2.3 pct... is on a strong recovery path since the 9.2 pct drop suffered in 2020 due to the COVID-19 outbreak. At constant 2020 prices, Greek GDP in 2023 was 196.98 billion euros, up by 4.5 billion euros from
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Newsletter 446 - 10/01/2025
class voters who deserted New Democracy in last summer’s EP elections, sounding a strong wake-up call to the administration. The party’s target for the coming year is to nudge up its support to 30... as the official opposition, PASOK appears determined to keep up the pressure on the government, a strategy which
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ND eyes start of recovery as public interest in Tempe issue appears to wane
PoliticsGreek Politicsto be waning, while support for the ruling New Democracy party appears to be edging up. Three... of Freedom is also up from 11.1 to 11.5 pct. PASOK’s backing has edged down over the last month, from... of Freedom in second on 14 pct, up by five points since February. PASOK is in third on 12 pct, down
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Public debt at 402.11 bln in Q1, total cash reserves exceed 40 bln
EconomyMacroeconomyGreece’s central government debt recorded a drop of roughly 1.8 billion euros to 402.11 billion... euros. FSM loans continue to make up the bulk of the total, accounting for 52 percent. The value... by residual maturity showed that long-term (over 5 years) debt made up 75.1 percent of the total
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Newsletter 463 - 23/05/2025
to reports earlier this year from Politico, the illicit scheme may have siphoned off up to €45 million... to 13.1% from 13.7% six weeks ago. PASOK appears to be the beneficiary of this shift, edging up from... a drop quarter-on-quarter in Q1 by 1.8 billion euros to 402.11 billion. Bonds rose by 3.4 billion euros
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Newsletter 468 - 27/06/2025
the hearings as brief as possible. Parliamentary rules allow up to two months, but the government... by Politic.gr shows the governing party’s support rising to 25.9%, up more than a point from May. Meanwhile... deficit. The balance of payments would also be impacted by the drop in travel receipts from reduced
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Energy drives 0.5 pct YoY fall in July producer prices as other components rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded a minor contraction in July, with a drop of 0.5... in April of 2022 with a jump of 48.8 percent annually. Month-on-month (MoM), the index was up... annually, led by minerals up by 8.8 percent, pharmaceuticals by 8.7 percent and plastics up with 5.8
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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
SocietyLower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012, compared to a 9 percent rise for higher income groups, a new report on the impact of the crisis and austerity policies on incomes, inequality and poverty in ...
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the sixth straight month dropping by 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance sheet showed on Monday. In absolute terms, Central Bank ...
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Lower foreign arrivals lead to 7 pct drop in April travel receipts
EconomyMacroeconomyGreece's travel receipts fell by 7 percent in April after a short-lived rise by 8.2 percent in March, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood at 443.3 million in April, while the corresponding paymen...
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