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BoG report highlights economic challenges, proposes way forward
Economythe primary balance settle at 4.3 percent of GDP in 2018, beating the target of 3.5 percent of GDP... the recent quarters have been services exports, private consumption and higher investment spending... services in the economy Focus on the knowledge triangle (education, research, innovation
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Newsletter 387 - 30/06/2023
euros drop in April. The outstanding balance decreased to 112.48 billion euros, from 113.37 billion... of the digitisation of public services, but still leaving much of the sector untouched and facing... confidence stayed positive for the sixth successive month and services confidence is up 19 points
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BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels
EconomyMacroeconomysays that the last mile in cleaning up banks’ balance sheets needs to be completed to levels seen... services); shortcomings in some key infrastructures; insufficient combatting of pervasive tax evasion; quasi-oligopolistic conditions in specific goods and services markets; and energy market
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Record year for Greek tourism raises concerns about sustainability
EconomyFeaturesis understandable. Receipts from tourism accounted for just under 83 percent of the services balance in 2023.... The Bank of Greece, which compiles statistics on travel services, reported that over the course
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Newsletter 446 - 10/01/2025
peers.MacroeconomyCharts of the weekTrade balance Greece’s trade deficit rise accelerated in November... cuts, improving public services such as health, education and social support, and tackling the housing... and retail trade sentiment moderated, while construction and services had strong rebounds.
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Newsletter 451 - 14/02/2025
billion euros, reaching 2.4 bn, equivalent to around 1 pct of Greek GDP. The balance shows a small... in services, with 11.71 billion euros out of a total of 21.27 bn up to November last year coming from... exports of manufactured goods and services. The Bank of Greece estimates that an across-the-board tariff
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Trump trade war could take a toll on Greek economy
EconomyMacroeconomyGDP. The balance shows a small surplus in Greece's favour of around 204 million euros, as imports from... a prominent role in trade in services, with 11.71 billion euros out of a total of 21.27 bn up... the channels of receipts from exports of manufactured goods and services. The Bank of Greece estimates
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Iran war creates turbulence for Greek tourism outlook
EconomyFeaturesnotes that Greece has entered 2026 with a “sound” banking balance sheet and a strong primary surplus... has been either closed or restricted, forcing airlines to reroute flights or suspend services... to loans tied to accommodation and food services, reaching 11.1% of corporate lending—several times
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UnLuCky for some: Another painful lesson from the euro crisis
Agora), and the progress with external rebalancing has come at the expense of internal balance, notably sharply... have to go through the painful process of restoring balance, reducing current account deficits... that they were promoting it on the basis that balance of payments constraints would disappear at the national
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IMF raises forecast for primary surplus but differences with European lenders remain
EconomyMacroeconomyfiscal balance, the IMF sees an almost balanced budget in 2018, with a marginal deficit of -0.1... in 2020 and 2021. The budget is seen in complete balance next year. In 2023, the overall balance turns into a deficit of -2.4 percent of GDP. The cyclically adjusted primary balance was an impressive 4.9
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