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  1. Growth in car sales slows to 7.6 pct in March
    Image: MacroPolis

    EconomyMacroeconomy

    was a drop of 1.6 percent. Car sales in March came to 17,661 compared to 16,731 last year, a rise of 5.6... increased by 10.7 percent, with the absolute figure standing at 15,137. The remainder was made up... months of 2022 came to 50,226, up by 8.8 percent, led by passenger cars at 42,934, followed by lorries

    7%

  2. Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    authorities, the two increases in the minimum wage this year, and savings that built up during the pandemic.... The debt stock will drop further in 2022 to 186 pct of GDP and down to 180 pct of GDP, thanks... for this year at 3.1 pct this year, though much more bullish for 2023, that is seen up by 4.8 pct. This leads

    7%

  3. New energy subsidy scheme nearing launch as public remains sceptical

    PoliticsGreek Politics

    of up to 600 euros, which is designed to help with the added cost of energy bills between December.... Backing for New Democracy edged up from 31.7 pct to 32 during that time, while SYRIZA’s ratings rose.... There was, though, a drop in the percentage of undecided voters, from 11.4 to 9.8 pct. The survey indicates

    7%

  4. Hiring balance slows in June as job market returns to normal levels
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , suggesting a drop of 54,389 jobs, partly attributed to the delay in hires last year as the pandemic... accounted for roughly 35 percent of the total, with the remaining classed as layoffs. Layoffs are up...-time and shift work made up 42 percent and 10 percent of hirings, respectively. In June, hirings were

    7%

  5. Building permits turn negative for first time in more than a year, falling by 10 pct in April
    Image: MacroPolis

    EconomyMacroeconomy

    in those regions. The biggest drop was noted in the Ionian islands with 36.8 YoY decline. In absolute... are up by just 1.3 percent to 7,343. The corresponding surface is lower by 3.2 percent while volume is up by 5.4 percent. This is a more subdued start from the 26.6 percent growth during the whole

    7%

  6. IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    into a surplus of 0.9 pct next year and maintain it on a growing scale up to 2027 when it reaches 2 pct of GDP... are broadly in line with those published earlier this year, in April. The general deficit will drop to 1.9... to 44.3 pct by 2027. Gross debt will remain on a downward trajectory as the economy picks up and primary

    7%

  7. EC cuts 2023 growth forecast by more than half to 1 pct
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    is expected to grow by 6 pct in 2022 in real terms, up from the 4 pct expected in the previous... forecast, and pick up pace again in 2024 to 2 pct. The fiscal path is seen on a downward trajectory..., in line with commitments and the debt sustainability assumptions. Debt will drop to close 162 pct

    7%

  8. Car sales end 2022 with modest full-year growth of 3.3 pct, from 22.1 pct in 2021
    Photo by MacroPolis

    EconomyMacroeconomy

    in 2021, a drop of 0.3 percent. Passenger cars increased by 1.5 percent, with the absolute figure standing at 10,239. The remainder was made up of lorries (1,584) and buses (153), both down by 8.8... road motor cars were sold. The 3.3 percent rise was led by passenger cars at 177,844, up by 6.8

    7%

  9. ND's opinion poll decline thrusts PASOK back into spotlight
    Image: https://kinimaallagis.gr/

    PoliticsGreek Politics

    Another opinion poll indicating a substantial drop in support for New Democracy was published... the gap between the two leading parties is at just 2.5 points. In this survey, PASOK has edged up... in a second vote to win an outright majority as the election winner will be awarded a bonus of up to 50

    7%

  10. Newsletter 375 - 24/03/2023

    Newsletters

    following the second ballot and is not able to make up the numbers simply by persuading a few MPs... a significant drop in support for New Democracy. Although SYRIZA has not directly recorded any gains... since Q1 2018. Prices in Athens in Q4 2022 were up by 15.2 pct year-on-year. Balance of payments

    7%