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Newsletter 275 -27/11/2020
and exports lower by 30.3 pct, reflecting the drop in services. Imports are also seen falling by 17.4 pct... was expected to fall by 6 pct, investments were seen down by 10.9 pct and exports lower by 24.8 pct. Public
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PMI drops to 42.3 points in November as second lockdown hits
EconomyMacroeconomy. As such, backlogs of work were depleted again and at a substantial pace. In line with lower capacity requirements... lower production requirements. Pre and post-production inventories were depleted, as stocks
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Turnover in tourism drops by 62.6 pct in Q3
EconomyMacroeconomypercent. In 2019, the annual increase came to 1.3 percent for the year, lower than the average... decreased by 37.9 percent on the back of lower than expected demand. According to the Bank of Greece, Greece
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Slight easing of Covid-19 data as focus turns to retail, budget
PoliticsGreek Politicswith the usual caveat that the number of tests results processed over the weekend is lower than during the week... hirings, down by 89,008 compared to last year. Layoffs were also lower by 89,634. Budget debate
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Budget primary deficit at 3.42 bln in March, above target by 941 mln
EconomyMacroeconomybudget total revenues stood at 12.5 billion euros for the first three months, lower than the target.... Overall expenditure in the first three months of the year stood at 17.2 billion euros, lower than
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Budget primary deficit beats March goal amid resilient income tax take
EconomyMacroeconomytotal revenues stood at 12.5 billion euros for the first three months, lower than the target by 722... in the first three months of the year stood at 17.2 billion euros, lower than the target by 1.55
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FinMin sees favourable macro environment from next year, boosted by RRF
EconomyMacroeconomymain policy agenda of lower taxation and deregulation that has come largely to a halt due..., which include the lower introductory income tax rate from 22 pct to 9 pct and the recently introduced
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Newsletter 303 - 02/07/2021
to plan permanent relief measures, including lower income taxes and reduced VAT for certain.... State budget total revenues stood at 19.92 billion euros for the first five months, lower than
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Stock taking: Where is the Greek economy now?
Agorathat the “problem of high debt” was resolved, because with lower interest rates, Greece could afford more spending and a lower primary surplus to “stimulate development.” But this optimism
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Price hikes pose fresh challenge for government
PoliticsGreek Politicsin Thessaloniki aimed at protecting lower income households from price hikes. However, the action... will confirm in Thessaloniki will also boost Greeks’ disposable income. These included lower social
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