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GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year
EconomyMacroeconomyto 2.7 percent year-on-year (YoY), from a 2 percent YoY rise in Q1. The quarterly movements in Q2... components recovered. Final consumption increased by 2 percent YoY, while investments also increased
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GDP continued to slow in Q4, rise for 2023 at 2 pct
EconomyMacroeconomyGDP grew by 2 percent, with final consumption up by 1.8 percent, investments down by 0.5 percent... in the latest economic outlook places Greek growth at 2.4 percent for 2023, slowing to 2 percent in 2024.
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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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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammethe tenure of the first General Secretary for Public Revenues (after the voting of the bill) at 2 years... to convene on Friday to approve the disbursement of the next sub-tranche of 2 billion as well... is reportedly expected to convene on Monday to formally approve the disbursement of the 2 plus 10
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Greece leads way in cutting spending on healthcare, finds OECD
Societysystem contributed to state spending getting out of control. In 2010, Greece led the way by some... some concern,” say the report’s authors. “For instance, prevention is often a more cost-effective way
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Budget passed but troika accord still some way off for Greece
PoliticsGreek Politicsstated that it wanted to conclude talks on a number of outstanding issues that stand in the way... structural reforms and next year’s fiscal gap out of the way before then. It was confirmed, however
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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingwill pave the way for the imminent capital increase of Eurobank at a price materially lower... a more flexible and effective way of managing and disposing its bank holdings, which is currently
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No deal at Eurogroup but also no clear way forward
PoliticsGreek Politicsthough some finance ministers, such as Luxembourg's Pierre Gramegna, told reporters on their way out that an agreement "on a way forward" had been reached. While the details may be clarified in the next
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