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  1. Newsletter 412 - 16/02/2024

    Newsletters

    rebates and lower energy costs. The verdict of the protesters was that the total package fell... pct, then capital goods with 2 pct. Non-durables were down by 0.1 pct and intermediate goods

    11%
  2. Slower growth nixes handout plans, fires criticism of ND's economic policies
    Photo by MacroPolis

    PoliticsGreek Politics

    quarter of 2023 and by 2 pct for the whole year. These figures were below those expected... for SYRIZA over the last few days. According to Alco, 15 pct of total respondents think SYRIZA has

    11%
  3. Government tones down fiscal pledges as tighter framework starts to bite

    EconomyMacroeconomy

    The tight fiscal framework imposed by the new Stability and Growth Pact rules and Greece's long-standing commitment to primary surpluses above 2 pct of GDP for decades are catching up with the Greek... has lined up for next year to boost incomes and reduce the tax burden. Hatzidakis unveiled a total

    11%
  4. Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach

    EconomyMacroeconomy

    billion euros, the total deficit was 1.6 pct of GDP, from 2.5 pct of GDP in 2022. The primary balance... market was steadily improving. With growth of more than 2 pct by most estimates for 2024 and assuming

    11%
  5. Industrial turnover soars by 18 pct YoY in Apr, strongest since early 2023

    EconomyMacroeconomy

    . On a monthly basis, industrial turnover in the total market increased by 10.2 percent, led by increases... 2 points in the previous month. Since June last year, industry confidence is now down by only 0.4

    11%
  6. Building activity remains in contraction for June with 1.7 pct YoY drop
    Photo by MacroPolis

    EconomyMacroeconomy

    Statistical Agency (ELSTAT) on Friday. The total number of permits issued in June reached 2,418, from... points, from 9.8 points previously. The index is currently up by roughly 2 points on a rolling 12-month

    11%
  7. New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    to grow strongly, and well over eurozone peers, with 2.3 pct in 2025 and 2 pct in 2026. The effects... to 2028. The total fiscal balance is seen dropping to -0.6 pct of GDP in 2025, before it doubles

    11%
  8. Trade deficit reaches 22 bln in 8M as exports continue to slide
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    of 2024 showed that the trade deficit increased by 7.7 percent, bringing the total to 22 billion euros. Imports rose by 2 percent, while exports decreased by 1.5 percent. Excluding the value of oil

    11%
  9. Industrial turnover contracts in Aug, falls sharply by 23.6 pct MoM
    Photo by MacroPolis

    EconomyMacroeconomy

    of wood and cork, except furniture, and textiles. Revenue in the domestic market increased by 2... in the total market decreased by 23.6 percent, led by decreases of 23.7 percent in manufacturing

    11%
  10. Despite rising arrivals, reduced spending per trip leads to 1.7 pct drop in Aug travel receipts
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    countries reached 2.47 million. Receipts from EU countries were 2.6 billion euros, of which 2 billion... billion euros. Receipts from non-EU countries amounted to 5.98 billion euros. In total, arrivals rose

    11%