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  1. Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ

    EconomyMacroeconomy

    , from 1.8 pct in the 2023 final budget at the end of 2022. The most recent inflation estimate for HICP..., published mid-May, the Bank of Greece reiterates its growth outlook of 2.2 pct in 2023, with consumption... economy to grow by 2.4 pct in 2023, from 1.2 seen in the previous estimate in February. In its

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  2. OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 2.5 percent in projected for 2018, above its previous estimate of 1.9 percent. Private... by 7.7 percent. In addition, the growth in exports (+7.1 percent) is projected to outpace... to return but uncertainties remain. The OECD estimates that GDP will rebound by 1.1 percent in 2017

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  3. PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    announced recently for Q2 2020 was deeper than its own estimate from April of -13.7 pct. Combined... of 7.7 billion euros, a sharp drop of 8.7 billion compared to the surplus of 1 billion in the same... by its initial estimates of an annual recession towards the adverse scenario of 8.5 to 9.4 pct

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  4. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    estimates released in early November, which saw a GDP contraction of 1.4 percent. For next year, the EC and OECD expect a recession of 1.3-1.4 percent above the budget’s estimate. The upgraded MoF forecasts..., nominal GDP is now expected at 175.66 billion in 2015 (up by 1.92 billion from previous estimate

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  5. Newsletter 247 -10/04/2020

    Newsletters

    benefit beyond the current 45 days. Officials estimate that 8 in 10 salaried staff will be eligible... percent in February, compared to a rise of 7.7 percent in February, Hellenic Statistical Authority... that the tourism industry globally finds itself in unchartered waters. He estimated that it would take up

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  6. Newsletter 329 - 25/02/2022

    Newsletters

    will have to deliver a primary surplus next year of 1.5 pct of GDP and then secure an average 2.2 pct... and the institutions’ nominal growth estimate of 4 pct growth in 2023 proves accurate, the 2023 GDP is seen... target of 2.2 pct of GDP. With Greece soon due to enter a de facto pre-election period

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  7. Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    primary surplus is 2.2 pct of GDP from 2026, as high as 2.7 pct in 2028. The composition of revenues...The IMF spring meetings produced some good news for Greece via the World Economic Outlook and Fiscal Monitor. The IMF revised upwards its growth estimates for 2023, which is now seen higher at 2.6

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  8. Manufacturing PMI edges up for second month in a row

    EconomyMacroeconomy

    at manufacturers operating in Greece. Despite the robust increases in new orders, the employment within..., according to the European Commission data released on February 27. Economic sentiment improved by 2.2

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  9. Newsletter 103 - 20/01/2017

    Newsletters

    indication that it will try to make the automatic mechanism robust enough to satisfy the International... edged up 2.2 percent to 42.22 billion. Meanwhile, interest payments decreased by 14.8 percent

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  10. Newsletter 238 -07/02/2020

    Newsletters

    , to 4.8 percent in 2020, 2.6 percent in 2021 and 2.2 percent in 2022. The long-term risk-free rates... picked up, driven by robust domestic and foreign demand Greece’s manufacturing PMI increased to 54.4

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