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  1. PM set to unveil support package, as ND cements poll lead

    PoliticsGreek Politics

    address this afternoon detailing measures for employment and the economy into the autumn, as well... awaiting the government’s plan for restarting the economy and particularly the crucial tourism sector.... Government sources hope that the package will remove “a portion of uncertainty” from the economy through

    3%

  2. ESM report highlights programme weaknesses, outlines improvements for future bailouts
    Photo by MacroPolis

    EconomyProgramme

    that the programme stakeholders accepted that the Greek economy would suffer, which is described... a “business-friendly economic environment and the Greek economy’s resilience to shocks.” The efforts... drain and the informal economy grew. That said, the evaluation notes that these outcomes would have

    3%

  3. Reshuffle back on the cards as PM unveils plans for Greek industry
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    after July 1, once the economy has fully reopened after the lockdown and “at a time of the PM’s... referred to a political challenge first voiced in the 1920s to transform the Greek economy from... makes up 9.5 percent of the Greek economy, compared to EU average of 15 percent. Mitsotakis called

    3%

  4. Contribution made by privatisations to GDP since 2010 underlined in new study
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyFeatures

    euros of investment was added to the overall economy. The research showed that privatisations grew... multiplier effect on the economy. In 2019, the total impact of the concession on the annual GDP... to the pandemic and its effects on the economy.

    3%

  5. R&D and innovation remain low in Greece, OECD finds
    Photo via http://www.oecd.org/

    EconomyFeatures

    The OECD 2020 report on Greece highlights a persisiting lack of R&D and innovation in the economy... of productivity growth. Greece’s economy is characterised by low productivity growth due to its economy being concentrated on low innovation sectors such as trade, food and beverages. In other sectors

    3%

  6. Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
    Photo by MacroPolis

    Economy

    visibility and more data available, Fitch sees the Greek economy contracting by 7.9 pct in 2020... the economy. The deficit is seen sliding to 5.1 pct and 3.4 pct of GDP over the next two years. Fiscal... hand, adverse developments on the health front that will place public finances and the economy under

    3%

  7. IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    , with the economy dropping by 7.9 pct in the first half of the year and unemployment rising significantly since March despite the various support measures. The IMF expects the Greek economy... to implement further measures to support the economy that might require additional support from

    3%

  8. Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
    Photo by MacroPolis

    EconomyMacroeconomy

    materialise, then the pandemic will only have left a temporary impact on the Greek economy this year and most... that the government expects from mid-2021. The Greek economy is forecast to grow by 7.5 pct, in a complete... account of the 59 interventions this year to protect the economy from the effects of the virus

    3%

  9. Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Research by the ICAP group has looked into which areas of the economy have been hardest hit.... The research, titled "Impact of the Covid-19 pandemic on business and sectors of the Greek Economy... the pandemic to have a worse effect on the economy.

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  10. Finance Ministry grapples with escalating cost of pandemic

    Economy

    for the economy in the first quarter alone will come to 5.9 billion euros – close to 80 percent... the economy. With the government having initially estimated that support measures for the whole year would... reported. The most recent measures will push the total support that will have been given to the economy

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