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  1. Tourism industry braces for outcome of gloomy Covid-19 scenarios
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyFeatures

    rescue the tourism season, Greeks are very likely to see a drop in their disposable income due... under pressure to drop their prices. In addition to this, as of Sunday night, all hotels whether

    2%

  2. Trade deficit up by 7.8 pct in February
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s trade deficit increased by 7.8 percent year-on-year (YoY) in February compared to a drop of 9.8 percent in January, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday..., recording a drop of 2.1 percent compared to the same month last year. A breakdown of the figures

    2%

  3. 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%

  4. 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%

  5. 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%

  6. 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%

  7. Newsletter 253 -05/06/2020

    Newsletters

    growth and is the sharpest QoQ contraction since Q3 2015, when there was a drop of 2 percent. Compared... the strongest since the depths of the credit crisis in 2015. Difficulties in resuming operations and a drop

    2%

  8. 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%

  9. 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%

  10. 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%