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Newsletter 351 - 16/09/2022
as private sector employees), an increase of roughly 6 pct in the pensions of around 1.5 million retirees... challenge because as things stand Greece must turn the 2 pct of GDP primary deficit into a 1 pct of GDP... to deliver in the region of 2 billion euros of surplus before interest payments. Most such fiscal
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Tracking Greece's fiscal performance
Agora(and the drop in debt relative to GDP) will persevere. The primary balance. Figure 2 shows the general... adjustment between €5-10 billion (2½-5 percent of GDP) is necessary to restore a sound primary... in inflation caused real rates to plummet to -6 percent on average in 2021-2022. Since so much of Greek debt
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IMF forecasts high primary surpluses, tempers growth expectations
EconomyMacroeconomy. In the World Economic Outlook (WEO), real GDP growth is seen at 2.5 pct this year, slowing down to 2 pct... account deficit is also expected to moderate to 6 pct of GDP in 2024, from 6.9 pct of GDP this year... pct in 2023. On the fiscal front, the primary balance is expected to double next year to 2 pct of GDP
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Government’s growth ambitions meet RRF reality
EconomyMacroeconomyby 0.6 pct quarter-on-quarter and 2 pct compared to the same period last year. Growth over the first nine months averages 2 pct, and strong private spending during the festive season will be needed... to 2 pct in 2026, or slightly below, with Capital Economics the latest to predict 1.8 pct for next year
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No image availablesections (5) Statistics, (6) Charts, (7) Documents and (8) Newsletters which are not offered to the public for free access but instead access to them is part of the Subscription Service. 2. By accepting... framework including relevant provisions of European law. 6. In the case of "links" to other sites
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Greece poised to build on investor sentiment with return to bond markets
Economyof 5 billion euros at a yield of 5.90 percent. The Greek 10-year yield landed marginally north of 6... and a 3-year issue at 4.2 percent, which is well below the “slightly below 6 percent” anticipated a few... (<2 percent), the government aims to benefit from the positive market sentiment ahead of crucial
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomy. Unlike the official estimate for a slowdown in private consumption to -1.8 percent in 2014 from -6... a rise in private consumption by 0.5 – 1 percent in 2014 for the first time in the past 6 years. Its... price reduction. ΙΟΒΕ’s previous projection indicated a -2 percent drop and the upgrade followed
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankinginterest margin (NIM) reached 2 percent. On the cost front, operating expenses remained almost flat QoQ... trend (+0.5 billion). As a result, loan to deposit ratio improved by almost 6 percentage points... at 94 percent. Reliance on Eurosystem funding retreated by almost 6 billion euros since March
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Loan rates rebounded in July, deposit rates continued heading south
EconomyMacroeconomyalmost 2 percentage points above those in the euro area. The combination of a 6 percent drop... narrowed by 6 bps to 1.45 percent in July from 1.51 percent in June, with the year to date drop
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomytax rate by 2 percentage points that will be incorporated in the final 2015 budget, which... Fair on September 6. The Finance Ministry is also considering adjusting downward objective real estate.... It is unclear whether such an agreement could be reached before the tabling of 2015 draft budget on October 6
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