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  1. Newsletter 385 - 16/06/2023

    Newsletters

    , even the nominal average wage in Greece is roughly 2 pct lower than it was 2010 and half a percent... minimum wage from April 1. The data captures the improved conditions in the Greek labour market: Since

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  2. Wage rises become top issue but trajectory lined with obstacles
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the nominal average wage in Greece is roughly 2 pct lower than it was 2010 and half a percent lower... from April 1. The data captures the improved conditions in the Greek labour market: Since May 2019

    12%

  3. CPI resumes upward trajectory in July, food inflation at 12.3 pct
    Photo via Flickr https://flic.kr/p/6KMfsR

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) went back above the ECB’s target of 2 pct in July, with a reading of 2.5 percent year-on-year (YoY), after growing by 1.8 percent in June, according to the data... annually, from 2.8 percent in June. Month-on-month, the HICP was down by 1 percent. In July, the annual

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  4. S&P awards investment grade, bringing arduous cycle for economy to a close
    Photo by MacroPolis

    Economy

    by 2.5 pct this year and remain above 2 pct up to 2026, with 2.4 pct growth expected next year... on December 1. Fitch has Greece one notch from investment grade with a stable outlook. In its latest review

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  5. Economic sentiment slides by 0.4 pts again in Dec, consumer confidence improves
    Photo by MacroPolis

    EconomyMacroeconomy

    points, dropping by almost 2 points. Since January last year, industry confidence is down by almost 10 points. The services index increased by almost 1 point to 41.6. Services confidence is now 26 points

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  6. IMF approves Article IV consultation, growth seen resilient
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    moderating to 2 pct by the end of next year as core inflation will moderate only gradually, despite... of GDP in 2023. The overall balance comes under 1 pct of GDP in deficit, at 0.9 pct, almost halving

    12%

  7. Opinion polls show drop in support for ND, continuing concern about inflation
    Image: MacroPolis

    PoliticsGreek Politics

    . Their support went up from 2 to 2.4 pct. Mitsotakis’s personal popularity does not seem to have been... dropped by 1 point since the last poll. The cost of living remains a sore point for the government

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  8. Newsletter 409 - 26/01/2024

    Newsletters

    in 2023 that beat the initial budget estimate at the end of 2022 by 1 billion euros. The IMF does.... This is achieved with primary surpluses of circa 2 pct of GDP up to 2030, dropping to 1.4 pct of GDP

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  9. Retail sales make marginal YoY gains in Nov, volumes continue to fall sharply
    Photo by MacroPolis

    EconomyMacroeconomy

    by 1.6 percent. Compared to November 2022, automotive fuel was down by 13.2 percent, non-food was up by 2... are reflected in volumes, with fuels down by 4.3 percent, a 1 percent drop in foods and non-food down by 1.2

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  10. New political storm heads towards PM following report on Tempe recordings
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    -friendly Proto Thema newspaper on March 1, 2023, just after the accident, and then replayed across... by insisting that the police passed on the original recordings to the judicial authorities on March 2

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