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OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
Economylevel, household spending, business investment and international trade. The OECD estimates the impact... unchanged. The OECD estimates the overall hit in consumer spending to be around a third in many major... in line, estimated at just above 25 percent of GDP. The least impact is expected in Ireland at nearly
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Newsletter 257 -07/07/2020
contraction of 9 pct in 2020, from 9.7 pct in the spring estimates. Although Greece can take some comfort..., the Finance Ministry now estimates the deficit at 7 pct of GDP, or close to 15 billion euros, which... will drop from 2.4 billion euros estimated initially for this year to 900 million. Another billion
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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
Economycontracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included... government primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates... and any new ones which might be formed from the pandemic. It is estimated that after all banks
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Newsletter 278 -14/12/2020
contracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included... government primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates... new ones which might be formed from the pandemic. It is estimated that after all banks complete
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Govt finds devil is in detail for windfall tax on power companies
PoliticsGreek Politicsbeen deducted. The RAE report estimates that 5-20 pct of each supplier’s contracts could fall into this category. Early estimates floated in the media have suggested that the final amount could... fixed price contracts more than wipes out the estimated profits. Other companies are also said
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Govt puts focus on handouts, migration to take heat off surveillance affair
PoliticsGreek Politics. According to the last estimates by the Finance Ministry, the cost to the budget of absorbing the expected... the state. All in all, Finance Ministry estimates place the “pure” fiscal overperformance at 800 million... be supported out of an estimated 5.17 bln of tax overperformance achieved between January and July
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IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
EconomyMacroeconomy. It will be 1.4 pct in 2024, 1.6 pct in 2025 and estimated at 1.9 pct in 2026. The estimates... these estimates were at 178.7 pct of GDP in 2023 and under 161 pct, at 160.7 pct of GDP by 2027. This change
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Newsletter 442 - 22/11/2024
, the underlying numbers highlight the challenges for the coming years. According to the latest estimates... and investments, is also captured in the 2025 estimates as they are seen growing by 3.6 pct in 2025... budget was estimated at 15.1 pct, more than doubling from the 7.1 pct growth of 2023. In fact
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Details of 2025 budget point to complex economic challenges ahead
EconomyMacroeconomynumbers highlight the challenges for the coming years. According to the latest estimates, the Greek... and investments, is also captured in the 2025 estimates as they are seen growing by 3.6 pct in 2025... was estimated at 15.1 pct, more than doubling from the 7.1 pct growth of 2023. In fact, the Finance
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Greece moves closer to troika over fiscal gap, waits for response
EconomyProgrammeeuros but the overall impact on the economy would be materially negative. SETE estimates... ground on these demands. Pensions The second government intervention with estimated cost savings...) with estimated cost savings of 70 to 80 million euros. On the public sector, the government has proposed
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