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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyof traveler origin. The economy next year is seen growing by just 1 pct, from 2.4 pct in the summer forecast, and pick up pace again in 2024 to 2 pct. The fiscal path is seen on a downward trajectory..., the Commission forecasts a primary surplus of 2.2 pct, leading to a total deficit of just 0.8 pct of GDP
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Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomy) at 1 billion in the first half of 2014 and 2 billion for the whole year. The first target was almost... a revenue gap of 1 billion in 2015. GSIS also provided the year to date evolution of efficiency... below the annual targets. Note that targets were set as a percentage of collections over total taxes
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Does the EU Commission suffer from optimism bias? (Part 2)
Agorathat member states (strategically) adopt this scenario as their own (for which there is evidence[2... notes that our first responses to stimuli are often heuristic and superficial. This is System 1, or “Fast Thinking,” based on instincts and emotion. System 1 has evolved for survival and immediate
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New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
EconomyMacroeconomyGreece’s new tax debt jumped by over 2 billion euros in February, growing sharply from an increase... rose by 2 billion.. New unpaid obligations from tax categories rose by 1.91 billion, overturning... from January’s total of 1.30 billion. Income tax due declined sharply to stand at 17.2 million euros
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Industrial production returns to growth of 2 pct in September
EconomyMacroeconomythree contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent... to a modest rise of 1 pct. Month-on-month (MoM), the seasonally adjusted index in September recorded a drop of 2 percent, after an increase of 0.9 percent in the previous month. The annual movement
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
EconomyMacroeconomygrowth accelerated to 2 percent year-on-year (YoY), from a 1.6 percent YoY rise in Q2. Growth over the nine months of the year averages to 2 percent, needing a slightly stronger finish in the last... of goods dropped by 2.3 percent and services were up by 1 percent. Compared to Q3 2024, final
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Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
Economy0.4 percent of total) owe more than 1 million each for a total amount of 3.76 billion euros, which... by general government entities as well as defaulted debtors. From the total outstanding overdue amount... of total). Moreover, around 24 percent of debtors owe between 15 and 30,000 euros each for an aggregate
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Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
EconomyMacroeconomy) owe more than 1 million each for a total amount of 3.85 billion, which corresponds to 22.7 percent... of the total overdue stock of 16.92 billion euros, 12.23 billion (more than 72 percent) relate to main... 15,000 euros each for an aggregate amount of 1.11 billion (6.6 percent of total). This bracket
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Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
EconomyBankinghalf in H1 to 0.5 percent, down from 1 percent a year ago. P&L Net interest income (NII) came to 1.05... respectively in H1 2023. Net trading income was just 3 million euros, from 39 million last year. Total... in H1 2023. Eurosystem funding dropped further to 1 billion euros of TLTRO III, with the remaining 1
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Greece - Some structural macroeconomic arithmetic
Agorasuggests that trend output growth sits around 1¼ percent a year. The OECD seems to be below 2 percent...½ to 1½ percent of GDP. Greece currently envisages a target for the primary balance of 2 percent (just... and productivity. [2] The primary balance for 2023 is estimated at 1 percent, even though growth
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