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EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
EconomyMacroeconomyThe European Commission slightly revised its forecasts for Greece in the interim Summer forecast released on Tuesday, compared to the Spring forecasts that were released at the beginning of May. Nevertheless, Greece is expected to experience a sharp contraction of 9 pct in 2020, from 9.7 pct
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EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in
EconomyMacroeconomyfronts. Even so, although the recession for 2020 is left unchanged at 9 pct, the estimates for next
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Building permits grow by 9 pct in Nov, up 3.9 pct over 11M
EconomyMacroeconomyBuilding permits stayed on a growth trend in November thanks to a rise of 9 percent year-on-year (YoY), after an increase of 8.2 percent in October, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. The total number of permits issued in November reached
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Building activity returns to growth in Sep, up 9 pct in 9M
EconomyMacroeconomyby 9 percent YoY to 19,446. The corresponding surface is up by 13.7 percent while volume is also
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NBG net profit at 983 mln in 9M, NII up by 9 pct at 1.78 bln
EconomyBanking, as well as the lowest nominal exposure in Greece. P&L Net interest income (ΝΙΙ) increased 9 percent
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Boosted by seasonal jobs, unemployment at 9 pct in Q3 - lowest since 2009
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate fell further in Q3, dropping to 9 percent, from 9.8 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate in the third quarter of 2023 was 10.8 percent. This is the lowest
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Unemployment rate edges up marginally to 9 pct in Mar
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged up slightly to 9 percent in March, from 8.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In March last year, the unemployment rate was 10.8 percent. Despite minor fluctuations in recent
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyGreek private sector deposit outflows accelerated to 7.58 billion euros in June from 3.86 billion in May, according to the Bank of Greece (BoG). The outstanding balance fell further to 122.23 billion, which is the lowest reading in more than 12 years, since November 2003. In addition, June outflows
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomy. Overall, after a jump by 17 bps in December, the weighted average rate on new loans fell by 12 bps
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Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
EconomyMacroeconomyThe Greek market recorded marginal deposit inflows of 12 million euros in November following a positive flow of 1.02 billion in October, Bank of Greece (BoG) figures displayed on Thursday. As a result, deposit balances edged up to 124.8 billion euros at the end of November. This represents
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