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  1. IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    The International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth. Specifically for Greece, growth for this year wa...

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  2. Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
    Photo by Aggeliki Koronaiou/Fosphotos

    Society

    The latest living conditions published by ELSTAT on Friday shows that poverty resumed an upward trend in 2021 after a series of declines that started in 2014, with 2020 marking the most recent annual low. The risk of poverty threshold has dropped to 5,2...

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  3. Credit flow turns negative in July with outflow for corporations at 1 bln
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    The credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was negat...

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  4. Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In Decemb...

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  5. Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    Greece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday. In January 2024, the balance showed a surplus of 1.8 billion euros. The Bank of Greece notes...

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  6. What is the state of play with Greek banks?

    Economy

    of their capital base was at high levels, with Alpha and Piraeus EBA core Tier 1 ratio (at the end.... Furthermore, a 6 percent cut in bank employee wages has already been in effect retroactively as of January 1... for National. As an indication, a 1 percentage point increase in the Greek NPL ratio would result

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  7. Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    PoliticsGreek Politics

    . According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros... for incremental revenues of 1.8 billion euros, or 1 percent of GDP, from the changes. At the moment, food

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  8. No time for Tsipras to celebrate as long list of tasks means pressure is on from start

    EconomyProgramme

    of farmers. Other key deliverables for October include: 1) Reform of the income tax code (ITC) also... with a targeted set of actions including reduction in headcount and procurement. In addition, the Greek... include legislation for: 1) Equivalent measures to fully compensate for the court ruling ordering

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  9. Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
    Photo by MacroPolis

    EconomyProgramme

    percent or around 1 billion euros, mostly related to measures that are incorporated in the 2016 budget but have not been either legislated or implemented. These interventions relate to: 1) Imposition..., when the court rejected OPAP’s appeal and a ministerial decree was signed that set the payment

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  10. Pension and income tax reform bill sets out 4.4 bln in new measures

    EconomyProgramme

    on April 19, except the new pension ceiling. This is now set at 2,000 euros (instead of 2,304) for a single... of the proposed measures. The government aims to collect additional annual revenues of 1.7 billion euros (1... and around 640 million to incremental revenues. Cost savings 1) Elimination of the solidarity grant

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