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OECD lowers growth forecast, warns Athens to maintain fiscal credibility
EconomyMacroeconomyand improving the business environment do not materialise as expected. Additionally, a fall in tourism from
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politicsthat the provision will be altered. He had earlier pointed out that even rapes that would fall
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Newsletter 209 -07/06/2019
seen in the survey's history. This led to a marginal fall in the backlog of work. Manufacturers
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Turnover in tourism drops by 19.2 pct in Q1
EconomyMacroeconomyThe turnover index in accommodation and food services dropped into negative territory in the first quarter of Q1, showing a fall of 19.2 percent compared to Q4’s upward revised increase of 2.9 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The relevant increase for Q1
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammeit will fall short of the target by about 1.2 billion euros. This was dismissed by Finance Minister
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Current account deficit drops in April on improved goods and services balance
EconomyMacroeconomypercent YoY. This stemmed from a fall of 11.3 percent in overseas arrivals. The primary income balance
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Retail turnover falls by 2 pct in Apr, volume declines by 2.7 pct
EconomyMacroeconomyin turnover were seen in pharmaceutical products and cosmetics where a fall of 6.7 percent was seen
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BoG report highlights economic challenges, proposes way forward
Economythe fact that a high proportion of cured loans that have been restructured fall back into arrears, just
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Trade deficit jumps by 56 pct in May
EconomyMacroeconomyGreece’s trade deficit rose significantly by 56 percent (YoY) in May compared to a fall of 5.2 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed. The deficit stood at 2.19 billion euros in May compared to 1.65 billion in April. Imports continued
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Mitsotakis holds inaugural cabinet meeting, lines up first draft legislation
PoliticsGreek Politicswill fall on the key advisers that the New Democracy leader has chosen. There are seven appointments
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