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IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses
EconomyMacroeconomyby 2 pct in 2024, the same estimate as in October’s WEO. Next year’s growth is also broadly... commitment of primary surpluses above 2 pct of GDP. The primary balance is seen at 2.1 pct of GDP
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Industry boosts economic sentiment, consumer confidence at lowest in almost 2 yrs
EconomyMacroeconomyin the previous month. The EEI is up roughly 2 points in the rolling 12-month period. Industry confidence... points previously. The index is currently up by roughly 2 points on a rolling 12-month basis.
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CPI moderates to 2 pct in Apr, rents continue to climb with 10.8 pct YoY rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) has stabilised in the recent months, with a rise of 2 percent year-on-year (YoY) in April, from 2.4 percent in the previous month, according to the data released... inflation rose by 2 percent, after a sharp increase in March with a 2.2 percent YoY, though dropping
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Eurobank first to tackle NPL reduction via APS
EconomyBankingthe bids submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank’s licensed... on the website euro2day.gr on Tuesday afternoon, the doValue-Fortress bid was considered a stronger bid... Fortress earlier in November. The bank had previously been in exclusive negotiations with PIMCO until
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General gov't cash surplus widened to 2 bln in January
EconomyMacroeconomyThe Greek general government (gg) cash surplus in January widened by 32.5 percent to 2 billion euros from 1.51 billion last year, according to the gg bulletin released by the Ministry of Finance on Tuesday. The gg balance also showed a surplus at 1.76 billion from 1.25 billion last year. All gg
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomyGreek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank of Greece (BoG) data showed on Friday. The net lending flow turned positive for the first time since June 2015 with net loan additions of 210 million euros in December from deductions of 458 million
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingof 22.8 billion, the majority (15.3 billion) relates to loans, 3.5 billion to pillar II bonds, 2
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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomyGreek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April, Bank of Greece (BoG) figures displayed on Monday. Net deductions increased to 357 million euros in May, which is the second highest figure in the course of this year, and largely reflect a negative
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PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 2 points to 50.4 in June from 48.4 in May, Markit’s monthly survey showed on Friday. The headline figure for June represents an expansion, albeit marginal, for the first time since last December. It is the highest headline reading since May 2014. The rise
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Credit contraction stays stable at 2 pct in June, net additions for first time this year
EconomyMacroeconomyGreek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures showed on Wednesday. The lending flow turned positive for the first time in 2016 with net additions of 479 million euros in June from deductions of 357 million in May. June additions almost fully
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