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  1. Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
    Photo by MacroPolis

    Economy

    the pandemic, the global recession and the drop in tourism. Fitch expects a gradual recovery in the second half.... Impacted by the drop in services revenues, notably tourism which corresponds to 22 pct of current account

    2%

  2. Trade deficit declines by 7.9 pct in March
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    . The deficit came to 1.79 billion euros for the month. Imports totalled 4.28 billion euros, showing a drop of 9.8 percent YoY. At the same time, exports totalled 2.49 billion euros, recording a drop of 11.2

    2%

  3. Greece gears up to secure slice of smaller tourism pie this summer
    Photo by Yiannis Drakoulidis/Fosphotos

    PoliticsGreek Politics

    tourism season in Q3. Not only would it mean suffering a lower drop in tax revenues than many experts... earning minimal revenues, the newspaper reported. VAT on hotel stays is expected to drop to 6 pct

    2%

  4. Retail sales down by 1.5 pct in March for first fall in seven months
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    drop of 16.1 points month-on-month in April. Consumer confidence is the lowest it’s been since... months, dropping by 22.4 points month-on-month, after a drop of 18.1 points in April, which took

    2%

  5. OECD forecasts unemployment increase into 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    are lower than the OECD average, which sees an average drop in GDP of 7.5 percent under the single hit... is the harshest, anticipates a GDP drop of 10 percent this year with subsequent job losses of 192,000

    2%

  6. Newsletter 261 -07/08/2020

    Newsletters

    cash deficit at 5.48 bln June figure driven largely by drop in tax revenues Greece’s general government... on the back of Covid-19 uncertainty Firms highlighted further evidence of a drop in client demand

    2%

  7. Construction slides again in May with fall of 8.7 pct YoY in building permits
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic... of the 13 regions. The largest drop was noted in South Aegean (-33.2 percent), Epirus (-29.7

    2%

  8. Retail sector struggles through pandemic
    Photo by MacroPolis

    EconomyFeatures

    by the drop in revenue this year. Almost eight out of 10 small companies with an annual turnover of less than 45,000 euros reported a drop in sales versus six out of 10 companies with a turnover of over

    2%

  9. Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales index decreased by 6.9 percent in June following a revised drop of 4.6 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The latest month’s reading is the second lowest drop in the year so far after the series low of -24.5 percent in April

    2%

  10. Newsletter 266 -18/09/2020

    Newsletters

    the 9 pct drop observed in the rest of the eurozone. In the adverse scenario, which would involve... forecasts. 2 Current account deficit at 874.5 mln in July Sharp drop in travel receipts drives

    2%