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  1. EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    -escalate to 160.2 pct of GDP in 2023 and 154.4 pct in 2024. The current account deficit will drop

    19%

  2. Jobs in hotels, hospitality push April hirings balance to near-record level
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s employment balance in April was positive by 123,079 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in April last year was 124,365 more hires, an all-time April record, suggesting a minor drop of 1,286 jobs. Total

    19%

  3. Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
    Photo by MacroPolis

    EconomyBanking

    . Net profit was 236.5 million euros vs. 269.8 million euros in 2022, a drop of 12.3 percent. Core pre

    19%

  4. Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
    Photo via https://flic.kr/p/8svhf

    EconomyMacroeconomy

    in mining and quarrying. In the non-domestic market, the increase was driven by a 1 percent drop

    19%

  5. NBG NII jumps 73 pct in Q1 to 497 mln
    Photo by MacroPolis

    EconomyBanking

    National Bank of Greece (NBG) reported a profit after tax of 260 million euros in Q1 2023, compared to a profit of 360 million euros in 2022, a drop of 28 percent. Last year included one-off gains of 152 million euros, with core profit after tax in Q1 at 228 million euros, up 88 million euros in Q1

    19%

  6. Consumer confidence takes off in May as rest of sectors deliver mixed data
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1 points, after rising by 1.9 points in April, according to European Commission figures released on Tuesday. Sentiment has been improving in five of the last seven months. However, the index remains below

    19%

  7. Producer prices record back-to-back decline in Apr as energy falls by 24.4 pct YoY
    Photo via https://flic.kr/p/UF5yPQ

    EconomyMacroeconomy

    ), the index decreased by 0.3 percent, after a drop of 5.8 percent in the previous month

    19%

  8. Manufacturing grows in May, but at slowest pace in last four months

    EconomyMacroeconomy

    availability of inputs, which led to a drop in cost burdens. The fall in input prices

    19%

  9. Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    2019, employment has increased by an impressive 19 pct, despite a drop of 6 pct in 2020 to 2.05 million

    19%

  10. Import price index falls for third straight month in Apr as energy prices contract by 35 pct

    EconomyMacroeconomy

    , this year’s number has a significant base effect. Month-on-month, the index posted a drop of 0.7 percent

    19%