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Newsletter 372 - 03/03/2023
outlook for 2024, with the estimate doubling to 4.2 pct, from 2.2 pct in January. The improved growth... latest research in which Greece’s growth estimate for this year is significantly revised from the 1 pct..., is managing to hold its ground and could grow beyond initial estimates. At the end of 2022, when
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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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OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
EconomyMacroeconomyof 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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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyannounced 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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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyestimates 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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Newsletter 247 -10/04/2020
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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Greek C/A deficit to July narrowed to just 156 mln with boost from tourism
EconomyMacroeconomyis still materially improved, up 142 percent year on year (yoy) at 720 million, mainly courtesy... a C/A balance close to zero in 2013 and 2014. Note that the latest BoG estimates released..., which is broadly in line with troika July estimates at 2.8 percent and 1.7 percent respectively.
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Greece's current account in surplus for the fourth consecutive month
EconomyMacroeconomy“recurring” figure amounted to 720 million materially improved by 142 percent yoy. The strong monthly... years. Latest BoG estimates (released in the end of May) called for a C/A deficit of 3 percent of GDP in 2013 and around 2 percent in 2014, while the IMF’s more updated estimates stand at 1.0 and 0.5
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Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
EconomyMacroeconomyprimary 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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Newsletter 329 - 25/02/2022
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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