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IMF sees short-term progress and persistent long-term challenges
EconomyMacroeconomythat the economy is experiencing longstanding and new challenges, such as the monetary policy tightening.... The economy is facing structural imbalances from the low saving rate of households, low levels... and it expects the economy to grow by just 1.25 pct in the medium-term as the benefits of the RRF
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Newsletter 404 - 01/12/2023
. This is in line with the latest forecasts by the European Commission that expects the Greek economy to grow by 2.4... million, suggesting that more than 300,000 jobs are missing in the economy. Still, there are several indications that the economy is putting people into jobs, with the latest employed count higher
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Lack of savings points to wider economic issues
EconomyMacroeconomyThe data emerging from economic research on the Greek economy continues to highlight various... that will only compound this situation. The productive part of the economy only manages average... economy, where cash is usually directed to consumption and not savings. According to Stournaras
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Newsletter 434 - 27/09/2024
to the economy, social policy, foreign relations, state institutions, climate change and the “next day... the economy’s competitiveness, several measures were put in place, particularly in 2012, to contain... level where employers have larger bargaining power. In its latest note on the Greek economy, the Bank
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Newsletter 438 - 25/10/2024
the economy to grow by 2.3 pct this year and marginally slow down to 2 pct in 2025. The alarming sign came from the IMF estimate for 2029, which sees the economy slowing down significantly to 1.3 pct... landed at just 1.5 pct in 2027 and 1.3 pct in 2028. Every observer of the Greek economy has highlighted
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IMF forecasts add to concerns about sluggish growth ahead
EconomyMacroeconomyauthorities on the near-term growth forecasts, expecting the economy to grow by 2.3 pct this year... the economy slowing down significantly to 1.3 pct. This is aligned with the long-standing position... in 2028. Every observer of the Greek economy has highlighted that the RRF plays a key role in the current
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Moody's upgrade underlines gap between economic story and reality for households
Economy, the structural issues of the Greek economy will not allow the benefits to be felt by the wider public... for the public debt, which then channels into lower borrowing costs in the economy, this means low rates... and more jobs. The legacies of the debt crisis and the composition of the Greek economy, which
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PM convenes emergency meeting to work out tariff response strategy
PoliticsGreek PoliticsTrump last week. “The government guarantees that the national economy is prepared to meet these new... in the global economy mean that Greece has to find new destinations for its exports. Total Greek exports... public concern about an imminent trade war and its effects on the Greek economy. However, while
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IMF's latest macro and fiscal estimates reflect economic stability
EconomyMacroeconomyeconomy growing by 2 pct this year and in 2026, with both estimates below the outlook the Greek authorities included in the 2026 draft budget, which expects the economy to grow by 2.2 pct this year... Outlook (WEO) of April that expected the economy in 2026 to grow by 1.8 pct, and 2 pct this year
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Newsletter 480 - 17/10/2025
in the months ahead.EconomyMixed signals for economy as ELSTAT revises GDP figuresELSTAT this week... in the previous March estimate. Growth for 2023 was confirmed at 2.1 percent, while the economy expanded... released by Brussels, only €10 billion has reached the economy through public spending
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