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Greek tax rate hikes among highest in OECD countries, tax report shows
EconomyFeatures, below the OECD average of 33.8 percent. The country’s rate began to overtake the OECD average from 2010... the rate by 2017 had climbed to 39.4 percent, 5.2 pps above the OECD average. Between 2007 and 2017, tax revenues in Greece rose by 8.2 pps from 31.2 percent to 39.4 percent. As mentioned, Greece’s rate
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Kammenos's odd partnership with Tsipras still holding together
PoliticsGreek PoliticsDefence Minister Panos Kammenos was re-elected as leader of SYRIZA’s coalition partner Independent Greeks (ANEL) over the weekend, while also managing to highlight the odd nature of the cooperation between the two parties. There had been reports that Ka...
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Greece, creditors seek progress at Eurogroup on key differences holding up review
EconomyProgrammeGreece and its lenders head into Monday’s Eurogroup with differences on several key issues that will have to be resolved if the second review is to conclude in the days ahead. The Greek ministers and the institutions’ mission chiefs held a lengthy telec...
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Greece braces for Middle East fallout as polls show ND holding firm despite voter unease
PoliticsGreek PoliticsNew Democracy enters this new phase of the Middle East crisis with a solid polling advantage but a visibly unsettled electorate. Two fresh surveys place the governing party at 31.1 pct in their vote‑estimate models but they also reveal overwhelming publ...
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Macroeconomic fundamentals for Greece
Agorarolled over, from friendly governments holding at a discounted rate to market interest rates.... For instance, in managing the macroeconomy, one may talk about the level and growth rate of potential real GDP... underneath this development is the participation rate (PR= LF/WAP). Greece’s PR has always been low
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
SocietyThere was a time when Greece’s unemployment rate caught the media’s attention as it quadrupled from... the headline rate. One of the most significant numbers can be found when looking at the rate of long... unemployment is nothing new in Greece, which has had a long standing problem with this issue. The rate
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At risk of poverty/social exclusion rate in Greece edged up to 36 pct in 2013
Societypoints to a fall in the at-risk-of-poverty rate for children aged 0–17 years amounted to 25.5 percent..., the risk-of-poverty rate for people aged 65 years and over remained constant at 14.9 percent. When social...-of-poverty rate, reducing the risk by 30.1 percentage points alone while social benefits contribute
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IMF upgrades Greece’s GDP and unemployment rate estimates
EconomyMacroeconomywas upbeat in its estimates regarding Greece’s GDP and unemployment rate, upgrading its previous... to record a growth rate of 0.7 and 3.7 percent respectively. The IMF also adopted a more optimistic stance on Greece’s unemployment rate which is now seen lower by 1.7 percentage points to 23.3 percent
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Unemployment rate edges down to 23.3 pct in Q1
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate fell to 23.3 percent in the first quarter (Q1... period last year, the jobless rate has declined by 1.6 percentage points (pp) from the Q1 2016 figure... (-5,500) and real estate activities (-2,100). The unemployment rate among males dropped by 1.4 pp
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PMI edges down to 48.7 points in October as output declines at fastest rate since May
EconomyMacroeconomy. The rate of decline was the fastest since May. The decline was spearheaded by a fall in new orders..., and declined at the quickest rate for three months. Despite this, companies' output expectations..., cost burdens faced by goods producers rose at a solid rate in October. The pace of inflation
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