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IMF forecasts high primary surpluses, tempers growth expectations
EconomyMacroeconomy. The unemployment rate is expected to drop below 10 pct by next year, reaching 9.3 pct from 10.8... of GDP. According to the forecasts, the general deficit will drop below 1 pct of GDP next year
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S&P awards investment grade, bringing arduous cycle for economy to a close
Economy, a development that would affect the debt reduction effort. The debt load is expected to drop to 146 pct... continues to drop from the combination of solid primary surpluses and structural reforms that would
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Led by lending to corporations, pace of credit growth rises to 2.1 pct in Sep
EconomyMacroeconomyin September, after a 405-million euros drop in August, reversing the net contraction of recent months.... The corporate lending balance’s net monthly flow was positive by 2.05 billion euros, after a drop of 322
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Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
EconomyMacroeconomypeople in September compared with the same month of 2022, amounting to 467,804, a drop of 18.2 percent... percent, while the rate for men stood at 8 percent, a drop of 1.4 pps year-on-year. Youth unemployment
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Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
EconomyBankingEurobank posted an adjusted net profit of 916.3 million euros in 9M 2023, compared to a profit of 924.2 million euros last year, a drop of under 1 percent. The profit was adjusted by normalising... and restructuring costs. Net profit was 980.1 million euros vs. 1.11 billion euros in 2022, a drop
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Inflation in October doubles to 3.4 pct, food inflation nears 10 pct
EconomyMacroeconomyby a drop of 2 pct in housing costs due to price reductions in rentals for dwellings, services... also down by 3.2 pct and transport also had a marginal drop of 0.4 percent due to vehicle prices
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Lower repos push debt down to 402.88 bln in Q3, bonds rise by 2.5 bln
EconomyMacroeconomyGreece’s central government debt recorded a drop of almost 2 billion euros to 402.88 billion euros in Q3 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday. The Q3 debt movements reflect a drop of nearly 4 billion euros in repos and lower FSM loans by half a billion, partially offset
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Economic sentiment stable in Nov, consumer confidence slides further
EconomyMacroeconomyGreece’s economic sentiment (ESI) had a marginal drop of 0.4 points in November to 106.2, from a 1.4-point drop in the previous month, according to European Commission figures released on Monday. Sentiment had been improving since October last year, however it has now recorded back-to-back declines
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Unemployment rate drops below 10 pct in Oct for first time since Sep 2009
EconomyMacroeconomyto 453,783, a drop of 17.9 percent. Unemployment has now breached the half million-mark after it peaked... (pps) year-on-year and came to 12.1 percent, while the rate for men stood at 7.6 percent, a drop
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GDP unchanged on quarterly basis in Q3, up by 2.1 pct YoY
EconomyMacroeconomywere led by a drop in final consumption by 0.5 percent QoQ. Investments decreased by 1.8 percent. Exports decreased by 0.7 percent and imports increased by 2 percent. The export drop was led
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