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ELSTAT revises 2015 primary surplus downward to 0.15 pct of GDP, slightly ups debt
EconomyMacroeconomy(ELSTAT) on Thursday revealed a lower 2015 primary surplus and higher debt compared to the initial... million lower than the April figure of 1.1 billion (0.63 percent of GDP). According to ELSTAT... lower than the April estimate. Even after the downward revision by almost 0.5 percentage points
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Budget primary surplus to Oct hits 6.5 bln as revenues deliver again
EconomyMacroeconomyperiod, 145 million lower than target. Overall, net revenues rose by 9.3 percent to 40.07 billion... remaining 1.74 billion lower than the target. In a separate table, MoF revealed that the settlement... in October and by 2.1 percent in the January to October period to 38.51 billion, 2.37 billion lower
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Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
EconomyMacroeconomyin the 9-month period, largely reflecting lower net transport receipts on the back of capital... year, travel receipts are expected to end up lower in 2016 from last year’s figure of 14.13 billion... lower at 2.5 percent. In contrast, Moody’s expects a softer GDP growth rate of 1.8 percent, while OECD
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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomy(by 1.82 billion) also supported by lower Public Investment Budget (PIB) deficit (by 258 million... in December, while edged up 0.7 percent for the whole year and stood at 48.87 billion, 355 million lower... million lower than target. As a result, PIB balance for 2016 recorded a deficit of 2.11 billion, from
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An unfounded argument leaves Greece in limbo
Agoraregarding what is wrong with the current Greek programme. They asked for lower targets, a more realistic... demands, lower the fiscal target from 2018 and, with all parties on the same page, conclude the second... eurozone member states as reason for there being a reluctance to lower Greece’s primary surplus goal when
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Newsletter 104 - 27/01/2017
billion) along with a lower public investment budget (PIB) deficit (of 264 million) and primary... of the waiver on Greek government securities, the lower haircut applied on ELA collateral... lower than that in Q3 2010. Moreover, household final consumption strongly rebounded by 5.5 percent
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Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
EconomyMacroeconomy, albeit this positive sentiment was the weakest since October 2015. At the same time, lower volumes... pressures. Moreover, weaker demand, lower production and challenging weather conditions resulted in lower
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Newsletter 107 - 17/02/2017
of measures substantially lower than 3.6 billion euros. Following this, Athens also wants the creditors... million lower than target, respectively. Specifically, revenues (before tax refunds) rebounded... 380 million, for extrabudgetary funds 268 million, while those for local government were much lower
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Round of talks nearing end with limited progress, serious doubts about March 20 goal
EconomyProgrammerelate to reduction in the single property tax (ENFIA), lower VAT rate for certain products and services and reduction in the lower tax rates for personal income and in social security contributions... and pensions worth 1 percent of GDP each, while the government wants lower savings of around 0.75 percent
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Greek women in crisis
Agoradomestic work, and working in lower-paid, lower-skill occupations with little or no social protection... decision to have a family.” She was subsequently demoted to a lower position, compromising her skills
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